Mauritania is expected to become a natural-gas exporter following large offshore discoveries by major oil and gas explorers in 2019/Bloomberg
by Kudakwashe MuzoriwaThe UAE has allocated $2 billion in investment, development projects and soft loans for Mauritania, a sum that equals roughly a third of the West African country’s GDP.
The announcement came after President Mohamed Ould Ghazouani’s first state visit to an Arabic country since assuming office in June 2019.
According to Bloomberg, while the arid African nation with a population of about four million people is among the region’s poorest despite rich deposits of gold, iron and copper, it is expecting to become a natural-gas exporter following large offshore discoveries by major oil and gas explorers in 2019.
MOST READ
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
