Senegal's Prime Minister, Ousmane Sonko, has unveiled a series of unprecedented measures targeting the review of energy and mining contracts, stating that the initiative is intended to 'rebuild the state's finances' and confront what he described as unfair agreements. In a televised address, Sonko specifically criticized the gas contracts signed with the British company BP, labeling them as 'unjust'. He announced that the government would publish detailed documentation on the reviewed contracts, which will encompass sectors including energy, fishing, and infrastructure.

In an effort to enforce compliance, the Senegalese government has taken significant actions, including freezing the accounts of the Senegalese Chemical Industries Company, which is part of the Indorama Group, until a debt of approximately €380 million (around $411 million) owed to the state is settled. Additionally, authorities have revoked 71 mining licenses, including 14 for gold, due to a failure of companies to adhere to contractual terms. The government has also canceled contracts for several offshore oil and gas fields while re-establishing boundaries in line with best international practices.

Furthermore, Sonko revealed that negotiations regarding the nationalization of the Yakaar-Teranga gas project, managed by Kosmos Energy, are nearing completion, with assurances that the state will regain control of the field 'at no cost'. This move could have profound implications for Senegal's energy policy and the country's financial landscape, as the government seeks to consolidate control over its natural resources and ensure fairness in contracts with foreign companies.