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ENERGY: A gas power station for Nouakchott, in the study
Mauritania has signed with the Malaysian company Petronas a memorandum of understanding to launch a study on the establishment in Nouakchott of a gas power station, with a capacity of 700 MW, which a first part will be delivered before the end of 2011. |
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Oil: Prices rising again
Oil prices have returned a higher Tuesday morning in the wake of the rise in Asian equity markets. Around 5:30 GMT, the December contract on the U.S. light crude gained 78 cents, or 1.23%, 64.00 dollars a barrel and Brent took 44 cents (0.72%) was 61.85 dollars. |
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Oil: The barrel drop of nearly $ 3
Oil prices have fallen by nearly three dollars in New York on Tuesday, falling to their lowest in nearly three months because of declining consumption of fuels in the USA and a rising of the dollar. |
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Oil: High prices and economic crisis affecting the demand for crude
The Organization of Petroleum Exporting Countries (OPEC) has revised last Tuesday its forecast of increased demand for crude in the world to 1.20% in 2008 against a previous estimate of 1.28% due to continuing high prices of black gold and the global economic crisis. |
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Oil price: More and more airline bankruptcies
Some 25 airlines companies have ceased operations or gone bankrupt during the first six months of the year due to skyrocketing prices for fuel, a figure unmatched, according to the International Air Transport Association (Iata). |
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Oil: Slight fall in U.S. crude stocks before the U.S.
Oil prices are stable at around 137 dollars for a barrel, investors awaiting the weekly publication of the state of American stocks of crude and that release of the Monetary Policy Committee of the Federal Reserve.
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Oil: The barrel back over $ 135
Oil prices have rebounded to more than 135 dollars a barrel Monday after the marked decline caused by the prospect of an increase in Saudi production. |
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Mauritania: Banda NW-1 hits gas
PC Mauritania I Pty Ltd. detected gas in Banda NW-1 after running wireline logs in the exploration well drilled in PSC Area B off the Mauritanian coast. The well was drilled to a total depth of 2,703 metres (8,868 ft) by Atwood Oceanics Inc. |
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The Mauritanian economy
The Mauritanian economy is predominantly pastoral, with mining and fishing increasing in importance. Mauritania depends heavily on foreign aid. |
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UAE: Dubai World to expand in Mauritania
Chairman of Dubai World, Sultan bin Sulayem, who is currently touring West Africa along with a number of senior Dubai World officials to identify areas of investment, met on Sunday, the Mauritanian President |
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Fishing provides more than half of all export earnings
The waters off the 754-kilometer-long coast of Mauritania are among the richest fishing grounds in the world. In 1986 estimates of the country's potential annual marine resources ranged between 400,000 and 700,000 tons. |
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The making of an inter-modal transport hub
Apart from oil and mining, the industrial sector has found it diffi cult to take root on Mauritanian soil.With 80 percent of the country covered by desert, and the aft er eff ects of drought in the 60s and 70s, previous governments have struggled to set employment dynamics in motion or to create value for Mauritanian products. |
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Mauritania Mining
Mauritania's mineral wealth has been exploited since Neolithic times. Archeological evidence of a copper mining and refining site near Akjoujt in west-central Mauritania dates from 500 to 1000 B.C. Modern exploitation of copper at Akjoujt and the more important iron ore deposits between Fdérik and Zouîrât began after independence. |
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Transforming fisheries
The fishing industry would be well served by an enhanced energy infrastructure. Blessed with rich
seas along its 430-mile coast, Mauritania’s fisheries constitute 25-30 percent of the country’s budget. It could be looking at an even larger catch with the installation of large freezing and packaging units.Processing fish for export in Mauritania would boost the industry and add value.. |
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Arrests over Mauritania killings
Mauritania's authorities say they have arrested nine people in connection with the shooting of four French tourists last month. The nine appeared at a district court in Aleg, the town near where the tourists were killed. Prosecutors in Mauritania alleged the suspects are linked to a group allied to al-Qaeda.
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ArcelorMittal signs Mauritanian iron ore deal
BRUSSELS, Jan 8 (Reuters) - ArcelorMittal (ISPA.AS: Quote, Profile, Research), the world's largest steelmaker, said on Tuesday it had signed a deal with Mauritania's Societe Nationale Industrielle et Miniere (SNIM) to develop an iron ore mining project."Under the terms of the Memorandum of Understanding, SNIM and ArcelorMittal will jointly develop a large iron ore mining project, |
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Mauritania tightens oil security after attacks
NOUAKCHOTT, Jan 9 (Reuters) - Mauritania will tighten security around its fledgling oil industry following recent attacks by suspected al Qaeda militants on French tourists and government soldiers, its oil minister said on Wednesday.The Islamic Republic, which straddles black and Arab West Africa,
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