Senegal reached a significant milestone in its energy sector development in June 2024 with the completion of the Sangomar Oil Project. The $5.2 billion project, developed in partnership with Woodside Energy, has a target resource base of 630 million barrels and is expected to produce 100,000 barrels of oil per day. This achievement is a major step for Senegal, as it positions the country as a new player in the global energy market and is expected to attract further foreign direct investment, with the country attracting a staggering $2.641 billion in FDI in 2023.
 
								 
															






