Senegal sold 2.59 million barrels of oil from the Sangomar reserve in February 2025, marking a key stage in the strengthening of its energy sector. According to the Minister of Energy, Petroleum and Mines, Birane Souleye Diop, this performance, achieved via three cargoes (SAN021, SAN022, SAN023), testifies to the country's growing strength on national and international markets.
With production reaching 2.7 million barrels per day in February - out of a total capacity of 3.11 million - the Sangomar reserve is positioning Senegal as an emerging player in West Africa. Since it began operating, it has generated almost $950 million (around 595.5 billion CFA francs), exceeding expectations with annual production of 16.9 million barrels, against an initial target of 11.7 million. Proven reserves also rose by 54.9 million barrels, consolidating Senegal's ambitions.
With a view to adding value locally, the SAN021 cargo (647,426 barrels) has been allocated to the SAR refinery by Petrosen Trading & Services, strengthening supply to the national market and energy independence. This strategy is part of a wider objective: to achieve annual production of 30.53 million barrels, or 100,000 barrels a day on a continuous basis.
These figures come against a backdrop of budgetary tensions, with oil exploitation becoming a crucial financial windfall. "Sangomar is a strategic lever for our economy", said the Minister. With continued growth and effective marketing, Senegal intends to maximise the benefits of its resources to support its development while meeting the world's energy challenges.