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Vol 59 No 23

Published 23rd November 2018


Senegal

A well-oiled machine

The President deflects criticisms of the management of oil resources while deftly removing all credible challengers to his re-election

The flies are buzzing around Senegal's highly promising offshore fields even though there have been no major announcements of new oil and gas discoveries in 2018. The juniors have been holding their own against majors including BP, China's CNOOC and France's Total, who are concentrating on offshore assets – Total partnering with Petronas of Malaysia in the Rufisque Offshore Profond Block. This was previously held by African Petroleum, long associated with the United Kingdom-based Vasile Frank Timis. Timis is in arbitration over who owns this and another block at the International Centre for Settlement of Investment Disputes in Washington DC.

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