Senegal’s National Oil Company (NOC) Petrosen has undergone a number of changes in order to better prepare for the country’s future as a major new oil and gas producer. Following large-scale hydrocarbon discoveries in Senegal from 2014 onwards, in 2019 Petrosen created the subsidiary Petrosen Trading & Services as part of an overall restructuring of the company. Petrosen Trading & Services is today specifically devoted to activities in the downstream sector.
Senegal wants to position Petrosen as a key player not just in upstream exploration and production, but throughout the entire oil and gas value chain. For this reason, Petrosen Trading & Services inaugurated its first service station in the city of Diamniadio, in the Rufisque neighborhood about 40 minutes away from the capital city Dakar, last month.
Situated on the national road RN1 in the direction of the city of Mbour, the new station was put in place using the highest international quality standards in line with the one-stop-shop concept. It will enable customers of the RN1 roadway to fill their tanks with diesel or gasoline, vehicle maintenance, a restaurant and mini-market, and a variety of e-services.
The new filling station is 100% Senegalese and spread out over an area of 5,000m2. It will provide new employment opportunities to young Senegalese workers who have received their training at the Office National de Formation Professionelle, in the framework of the Program to Support Competence and Youth Entrepreneurship. This is in line with Petrosen’s company mission to provide petroleum sector jobs that support national economic development, as well as offering high quality services for new retail petroleum products clients. In the medium term, Petrosen Trading & Services aims to expand a network of stations throughout the national territory in order to better meet the needs and expectations of the Senegalese people.
The downstream sector in Senegal has a number of international players such as Shell, Total, and smaller local players like Eydon Petroleum, Elton Petroleum, Vivo Energy or Touba Oil. The arrival of Petrosen in the downstream sector is forecast to boost the overall industry’s competitiveness while at the same enabling the State of Senegal to generate new revenues from the downstream sector as it competes with IOC’s such as Total which has a leading portion of the market.
In response to sub-Saharan Africa’s growing demand for new oil and natural gas, and renewable energy projects, and increasing interest from international stakeholders to invest, develop, and succeed on the continent, Energy Capital & Power will hold the MSGBC Oil, Gas, & Power 2021 conference and exhibition during December 2021. Focused on enhancing regional partnerships, spurring investment and development in the oil, natural gas and power sectors, the conference will unite regional international stakeholders with African opportunities, serving as a growth-oriented platform for Africa’s energy sector.