Senegal President Macky Sall is under pressure to defend his country’s interests
Senegal and Guinea-Bissau deal faces domestic pressures
Guinea-Bissau is eager to kick start exploration in acreage shared with oil-rich Senegal, but it’s slow going
Guinea-Bissau and Senegal made good early progress in talks to revise the agreement sharing out potential oil and gas revenue from their joint offshore exploration zone. But with both governments under domestic pressure, a scheduled negotiating round in late August was postponed without agreeing a resumption date. The original 1993 deal allocated Guinea-Bissau a mere 15% of any future hydrocarbon revenue from the Agence pour la gestion et la coopération (AGC) zone's 25,000 sq km (9,650 square miles) of continental shelf. The administration of President Kumba Yala, in power from 2000 to 2003, persuaded Senegal that his country's share should, in principle, be increased to 25%, but this deal
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
