The pandemic has taken its toll on Total Senegal. A subsidiary of the French oil giant, Total Senegal, announced a decrease of 29.9% in the first half of 2020 compared to the same period of the year 2019.
According to the Dakar based company, this shows a fall from 6.085 billion FCFA as of June 30, 2019, to 4.265 billion FCFA as of June 30, 2020. The Covid-19 global pandemic has largely been blamed for creating oil and non-oil commodity price and demand shocks all over the world with grim consequences on revenue, as reflected on Total Senegal. Total Senegal Turnover excluding taxes, for its part, recorded a drop of 9.1% to 197.020 billion FCFA against 216.680 billion FCFA as of June 30, 2019.
The company saw a 6% decline in sales on the domestic market, with tonnage dropping from 317 tonnes in the first half of 2019 to 297 tonnes a year later. Officials at Total Senegal blame this situation on measures taken by the government in the fight against the COVID-19 pandemic. One such was the ban on interurban transport and the curfew during the first half of 2020. On the other hand, Competitor, Export and International Marine sales were able to increase by 23%, in particular thanks to sales to Mali. Achievements in this segment stand at 155.3 tonnes compared to 126.5 tonnes on June 30, 2019.
In outlook, the managers of Total Senegal believe that the pursuit of the operational excellence plan combined with dynamism and know-how of their teams should enable their company to deliver satisfactory results despite the current context.
Total Senegal has maintained a strong presence in the refining and marketing of petroleum products in Senegal since 1947, operating a network of 189 service stations throughout Senegal.