Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Senegal - Adoption of new Petroleum Code
Senegal
Adoption of new Petroleum Code
24 Jan 2019The Petroleum Code, which was adopted on 24 January 2019 as Law No. 01/2019, aims to reinforce the preservation of national interests and local content. It includes several key points: Royalties are calculated on gross production and the Société des Pétroles du Sénégal’s (PETROSEN) has a ten percent stake in all contracts, which can be increased to 40 percent in specific situations. PETROSEN has to participate in project expenditure in the same way as other operating companies. According to the Code, no tax holiday can be applied and international companies will have to take into account several local content policies.
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Type:
- Treatment and operation (Operational conditions)
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Industry:
- Primary (Mining and quarrying)
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Sources:
- Ministère du Pétrole et des Energies, Loi n°2019-04 du 24 janvier 2019 relative au contenu local dans le secteur des hydrocarbures, http://www.energie.gouv.sn/sites/default/files/Loi%20%20n%C2%B02019-04%20du%2024%20janvier%202019%20relative%20au%20contenu%20local%20dans%20le%20secteur%20des%20hydrocarbures.pdf, 24 Jan 2019
- Africa Oil and Power, Senegal approves new petroleum code, https://africaoilandpower.com/2019/01/25/senegal-approves-new-petroleum-code/, 25 Jan 2019
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.