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International Business Times
International Business Times
Business
Laurent LOZANO

Production Starts At Senegal's First Offshore Oil Field

Senegal expects the oil and gas sector to general more than $1 billion per year. (Credit: AFP)

Senegal joined the club of oil-producing countries on Tuesday as Australian group Woodside Energy announced that production had started in the west African country's first offshore project.

While Senegal's fossil fuel output is not expected to be as high as that of bigger producers such as Nigeria, there are hopes the oil and gas industry will bring billions of dollars in revenue to the country and contribute to transforming its economy.

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