Khalil Kamara
June 15, 2024 at 10:28
The National Committee for the Transparency Initiative in Extractive Industries (CN-ITIE) congratulates the State of Senegal and Woodside Energy (project operator) for the production of the first barrel of oil from the Sangomar field.
In a press release sent to our colleagues at Pressafrik, the CN-ITIE recommends that the State of Senegal continue to insist on the proper distribution and supervision of the management of revenues from oil and gas exploitation.
“ The CN-ITIE also invites the State of Senegal to carry out periodic and exhaustive disclosure of essential information with a view to guaranteeing the traceability of oil and gas revenues in the State Budget.“, underlines the press release.
The CN-ITIE encourages the authorities to finalize the missions dedicated to the audit of oil costs of the SANGOMAR and Grand Tortue Ahmeyim projects. However, he calls on the Ministry of Energy, Oil and Mines and the PETROSEN Group to “ disclose how they track and verify the accuracy of production and export data as well as disclosure in the name of environmental transparency of greenhouse gas (GHG) emissions figures in accordance with key standards existing disclosure“.
