Senegal’s president has been keen on renegotiating deals with foreign operators since taking office in April
Senegal’s new government has established a commission to begin reviewing various gas and oil contracts signed with the previous administration, the West African nation’s prime minister has announced.
Ousmane Sonko declared the move on national TV on Monday, months after President Bassirou Diomaye Faye, who won in a landslide victory in the March elections, announced plans to renegotiate a decade-old fishing agreement with the European Union. Faye has said the decision is part of efforts to restore marine resources and limit industrial fishing vessels in order to improve the country’s food security.
According to Sonko, the committee is made up of legal, tax, and energy sector experts who will work to realign contracts in the country’s best interests.
Following his inauguration in early April, President Faye promised radical economic…