Revelations on Oil and Gas: How Senegal Loses Nearly 1000 Billion FCFA Annually

According to jurist Insa Camara, local content in Senegal's oil and gas sector is underutilized, costing the state between 600 and 1000 billion FCFA annually. He criticizes a flawed measurement system that counts any company registered in Senegal as participating in local content, without real engagement. He also highlights the lack of transfer of skills and technology, hindering local capacity building. Camara recommends reforming the evaluation indicators to better reflect the actual involvement of national companies.