A radical change of government in Senegal has stoked concerns that Woodside Energy will be hit by tougher terms for its near $8 billion Sangomar oil project, crimping dividend payouts.
Senegal’s new president, Bassirou Diomaye Faye, declared in Dakar on Wednesday in one of his first policy moves that the new government would carry out an audit of the oil, gas and mining sectors. He said the country’s natural resources “belong to the people” and sought to reassure investors they were welcome in the country, Reuters reported.
