Energy Chamber Delegation Visits Dakar Refinery in Support of Increased Funding for Infrastructure Rollout across Africa
A delegation from the African Energy Chamber has visited Société Africaine de Raffinage’s refinery in Dakar in strong support of increased funding for infrastructure development to maximize the commercialization of Africa’s hydrocarbon resources.
A delegation from the African Energy Chamber (AEC) , the voice of the African energy sector, visited Société Africaine de Raffinage (SAR)’s crude oil refinery in Dakar to observe developments underway aimed at modernizing the facility and to understand the role that the refinery upgrade will play in boosting Senegal’s downstream market. The delegation comprising NJ Ayuk, Executive Chairman of the AEC, and Abdur Omidiya, Executive President of the AEC in West Africa, joined Marième Ndoye, Managing Director of SAR, in a strong support of SAR’s efforts to upgrade its facility. The AEC’s visit underpins its drive to catalyze investment in the construction of new refineries and the modernization of existing facilities in Africa to maximize the commercialization of domestic energy resources, while reducing dependence on energy imports. Despite holding massive oil and gas reserves, African hydrocarbon-producing countries like Senegal, Nigeria, Algeria, Angola, Namibia, Kenya and South Africa heavily rely on energy imports due to a lack of adequate refining capacity and investments in infrastructure development. As a result, the continent struggles with chronic fuel shortages and high energy costs. Senegal, for instance, despite holding over one billion barrels of crude oil reserves, which can be exploited and processed locally to meet electricity production and other energy needs, is heavily dependent on energy imports to meet domestic demand. SAR’s Dakar refinery, the only refinery in Senegal, currently refines 1.2 million metric tons (MT) of crude oil per year, most of which comes from Nigeria and is not able to meet Senegal’s domestic demand of around 1.6 million MT.