Woodside Files for Arbitration in Senegal Over Sangomar Oil Tax

Woodside Energy Group Ltd. opened an arbitration case against Senegal to resolve a tax dispute related to its Sangomar oil project.

The company started producing oil last year from the offshore field, just as the government stepped up scrutiny of natural-resource contracts awarded to foreign investors to ensure they “match Senegal’s interests.”

The May 30 filing with the International Centre for Settlement of Investment Disputes provides no detail on the nature of the disagreement, but names Senegal’s Oil Ministry as a respondent, according to an online record.

“Woodside strongly believes we have acted in accordance with applicable regulations, the ...