28-08-07 Senegal's Ministry of Energy and Mines has announced that Iran will buy over 34 % of the African country's oil refining firm.
Iran will also supply oil to the African Refining Company (SAR) for one year. The Senegalese state holds a majority share in SAR.

The agreement was signed between the two nations during a visit to Tehran by Senegal's Energy Minister Samuel Sarr.
The National Iranian Oil Refining and Distribution Company (NIORDC) plans to purchase more than 34 % of SAR's shares this year.