- Senegal started producing oil for the first time in June, with the Sangomar deep-water project aiming to produce 100,000 barrels daily.
- Shell bought the first crude oil cargo from Senegal.
Senegal has delivered its first batch of crude oil to Europe. According to trading sources and ship-tracking data, this first batch will supply the Netherlands and Germany. With this delivery, Senegal joins the league of oil-exporting countries.
This first Senegalese shipment marks up to 100,000 b/d of non-OPEC+ oil hitting the European market. This comes as the producer alliance seeks to stabilise oil prices with a series of overlapping cuts to counter surging crude production in the Americas.
According to CAS data, the US, UK, Russia and Norway were the key crude suppliers to Rotterdam in June, while the port at Trieste received oil from Russia, Libya and Turkey.
Senegal started producing oil for the first time in June, with the Sangomar deep-water project aiming to produce 100,000 barrels of oil per day. The vessel, which arrived on July 1, is expected to finish loading and depart before July 20.
According to the S&P Global Commodity Insights, the first cargo will sail to the Dutch hub of Rotterdam, with a second expected to load imminently and discharge in Trieste, Italy.
Furthermore, Shell bought the first cargoes of Senegalese crude, with Shell International Trading listed as the charterer of the 1.06-million-barrel-capacity Maran Poseidon.