Friday , June 2 2023

In 2018, Senegal's overall turnover in the domestic market …


The Senegalese Senegalese branch has experienced significant growth in the domestic market. According to the African News Agency (APA), multinationals operating in the distribution of hydrocarbons, in 2018, have reached a wide range of activities, with an estimated CZK 5,407 billion (approximately 9,191 million dollars), an increase of 79,3% compared with previous years.

In the local market, Senegal is generally considered to be the leader in fuel distribution. This 2018 year, compared with CFA 3,015 billion in the first half of 2017, grew by 79.3% in the first quarter of 2018 (1 F CFA is 0.0017 USD).

This result was largely due to a 16.9% increase in sales of the company on the domestic market, reaching 307,680 tonnes to 263,306 tonnes.

The tax free turnover increased by 21% in relative value to CFA 184.892 billion compared to June 30, 2017, against CFA 152.488 billion.

In the future, the leaders of this oil company plan to continue their operational excellence plan combined with team dynamism and knowledge. That, in their view, should allow this company to continue to increase its results.

Of the 69.11% owned by Total Group, Senegal has been listed on the Regional Stock Exchange since February 2015. It distributes fuel through a network of 175 service centers. Senegal, but also business customers.

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