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Main companies operating in Senegal’s oil, gas and mining sectors

Main companies operating in Senegal’s oil, gas and mining sectors

SENEGAL'S newly elected President Bassirou Diomaye Faye said his government would conduct an audit of the West African nation's oil, gas and mining sectors. The announcement followed a campaign promise to renegotiate the terms of oil, gas and mineral contracts with foreign operators in the country, which is set to begin producing oil and gas this year. The following are the main companies operating in Senegal's oil and gas sectors: BP BP and U.S.-listed Kosmo Energy are leading the development of Greater Tortue Ahmeyim (GTA), Senegal's first liquefied natural gas (LNG) project. GTA, a floating facility straddling the border between Senegal and Mauritania, will…
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South African economy rebounds in Q3 led by mining, manufacturing

South African economy rebounds in Q3 led by mining, manufacturing

SOUTH Africa’s economy rebounded strongly in the third quarter as coronavirus restrictions were eased, with mining and manufacturing leading an expansion across all sectors. Africa’s most advanced economy was in recession before the COVID-19 pandemic hit, with a strict lockdown from the end of March leading to a deeper economic contraction. Statistics South Africa said on Tuesday that gross domestic product expanded by 66.1% in seasonally adjusted, annualised terms in July-September from the second quarter, when the economy shrank by a revised 51.7% as lockdowns stalled activity. Compared with the same period a year earlier, GDP shrank by 6% in…
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