Senegal: Extractive revenues reach 303 billion FCFA in the first half of 2025

Extractive revenues collected by the Senegalese state reached 303 billion FCFA in the first half of 2025, according to Financial Afrik. The media outlet does not specify in the available details the breakdown of this amount between the oil, gas, and mining sectors, nor its evolution compared to the same period in 2024. This figure comes as Senegal has launched its first exports of crude oil from the Sangomar offshore field, operated by Woodside Energy, and liquefied natural gas via the GTA (Grand Tortue Ahmeyim) project, shared with Mauritania and operated by BP. These two projects constitute the main source of new extractive revenues for the state. For Senegal's public finances, under close watch following the upward revision of public debt and the program concluded with the IMF, these extractive revenues represent a new and expected budgetary resource to straighten the state's accounts. The start of production at Sangomar and GTA marks a structural shift for the Senegalese economy, historically dependent on agriculture and services. The trajectory of extractive revenues will now depend on the volatility of oil and gas prices on international markets, as well as the state's capacity to secure a growing share of the rent via petroleum taxation and production sharing contracts.