MAURITANIA

MAURITANIA (in North Africa)	CAPITAL: NOUAKCHOTT POPULATION: 3.3 mm AREA (on): 1,030,700 km² OIL PEAK: 2023 (forecast)
SUPPLY Oil was discovered in the deep waters of Mauritania in 2002 in the Chinguetti field. Production from this field began in 2006 although operator estimates of its potential were too optimistic owing to its complex geology. Further satellite and more distant deep water fields which have been discovered, will allow the country to increase output consistently although the performance of Chinguetti has been markedly below expectations. Marketed gas production is forecast to begin in 2013 both of associated and free gas. There is no short term onshore potential in Mauritania although some areas are being explored. DEMAND Oil consumption in Mauritania has declined since 2005 but is likely to pick up again in 2011 for a few years, whilst indigenous output is growing. Exports will begin again in 2011 and will increase further as he country reverts from being an oil importer to an oil exporter. The country will see increasing gas consumption after 2013 but is unlikely to find a gas export market in the near term.


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