Senegal is accelerating plans to industrialize as rising oil and gas output, along with major transport and mining projects, drive new investment and economic transformation across the West African nation.
Production at the Sangomar oil field is expected to exceed earlier forecasts, reaching about 34.5 million barrels in 2025, while the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, developed jointly with Mauritania, continues to expand after starting output last year.
The developments form part of Senegal’s long-term Plan Sénégal Émergent (PSE), which aims to turn the country into a regional industrial and logistics hub by 2035. The plan prioritizes diversification of the economy, decentralization of industry beyond Dakar, and growth in key sectors such as energy, mining, transport, and agro-processing.
Hydrocarbon revenues are expected to reduce reliance on imported fuels and finance domestic power generation and infrastructure. Senegal is also targeting 40% of its electricity from renewables by 2030 under its Just Energy Transition Partnership, supported by projects such as the Taiba N’Diaye Wind Power Station and several large-scale solar plants.
Infrastructure investment is central to the strategy. The Port of Ndayane, funded by DP World, is being built to handle larger vessels and ease congestion at Dakar, while the Port of Bargny will serve mineral exports from the Falémé iron ore project.
Mining remains a major export earner, led by phosphate, gold, mineral sands, and iron ore. The government has strengthened its mining code and fiscal management framework to attract private investment and increase local participation.
Senegal is also improving connectivity through the Dakar Regional Express Train, new highways linking key cities, and regional energy integration projects such as the OMVG interconnector with The Gambia, Guinea-Bissau, and Guinea-Conakry.
Policymakers and investors will gather in Dakar from December 8–10 for the MSGBC Oil, Gas & Power 2025 conference to explore opportunities and align industrial and energy priorities across the region.
