high oil yield palm oil production line in senegal

   
high oil yield palm oil production line in senegal
                                               
                                               
                                               
                                               
  • high oil yield palm oil production line in senegal
  • How much oil is produced in Senegal in 2021?
  • Domestic oil products production satisfied around one-third of Senegal¡¯s demand. In 2021, diesel accounted for 60% of total production (18 kb/d), followed by fuel oil (19%), gasoline (10%), naphtha (9.0%), with the residual volumes shared among refinery gas (1.3%) and LPG (0.6%).
  • How much do petroleum products cost Senegal in 2023?
  • petroleum products cost FCFA 525 billion (USD 859 million), for a grand total of FCFA 800 billion (USD 1.3 billion) in 2023. To manage the distribution of the country¡¯s future oil and gas revenues, Senegal has adopted a law on the distribution and management of revenues from the exploitation of hydrocarbons (Law No. 2022-09 of 19 April 2022).
  • How can Senegal manage oil price volatility?
  • Senegal needs to carefully manage its exposure to today¡¯s high oil price volatility by reducing fossil fuel subsidies and focusing on risk management. In 2022, Senegal spent almost 4% of its gross domestic product (GDP) on energy subsidies. The government pledge to reduce this share to 1% by 2025 is a major and welcome reform commitment.
  • Is Senegal an oil producer?
  • Senegal is not an oil producer and depends entirely on imports to meet its demand for crude oil and oil products. Almost all its crude oil needs are imported from Nigeria and then refined in Senegal¡¯s only refinery, African Refining Company (SAR), supplemented by imports of oil products.