Middle East Economic Survey

VOL. XLVIII

No 15

11-April-2005

MAURITANIA

Mauritania Creates Oil And Energy Ministry

Mauritania on 29 March created a Ministry of Oil and Energy that will be headed by Zeidane Ould Hmeida. The new ministry will oversee exploration and licensing in view of recent offshore oil and gas discoveries. Mauritania is estimated to have 1bn barrels of oil in place with initial recoverable reserves estimated at 290mn barrels.