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Senegal acquires an oil register

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Newsroom published Updated 5 years ago 2-minute read
Dhageyso Qodobada AI Narration • ~2 min audio

Senegal launched an oil cadastre on Tuesday, a digital platform that tracks knowledge on the nation’s oil and gasoline actions. The creation of this instrument was a advice from the Extractive Industries Transparency Initiative.

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as reported from Dakar, Charlotte idrac

Map of blocks, record of permits – 9 property to this point – funds registered, all this is obtainable to the general public on the brand new platform for the petroleum cadastre.

“Transparency”

The acknowledged objective is to provide“Extra transparency”, in keeping with Sophie Gladima, Senegalese Minister of Petroleum and Power. “This dish will allow us to additional democratize entry to data within the sector. For presidency buildings, it would be an efficient method of administrative administration, permits, monitoring of oil and gasoline initiatives and the promotion of basins ”.

For actors within the sector, the oil register must also make it doable to dematerialise procedures and facilitate relations with ministries. An initiative praised by Demba Seydi, regional coordinator of the coalition “Publish what you pay” (PWYP), however which additionally has its limits. “The matrix doesn’t mirror the procedures and standards for which firms have been licensed. It is only a form of {photograph} of what has already been determined, he regrets.

“Gaps”

In a research revealed on Tuesday, Might 18 Nationwide Useful resource Governance Institute (NRGI) considers that “Senegal has began to create good foundations for the administration of the hydrocarbon sector”. However the group’s consultants additionally level to “shortcomings in tax transparency measures”.

Manufacturing of the primary barrels of offshore oil and the primary cubic meters of pure gasoline in a area shared with Mauritania is anticipated to start out in 2023.

► Learn additionally: Senegal: oil carriers cancel their strike

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