Tullow Oil Plc, the U.K. explorer with the most African licenses, will expand in Mauritania after the success of the Jubilee field in Ghana.
Mauritania will hold its first legislative and municipal elections since 2006 tomorrow that most opposition parties are boycotting because they believe the vote won’t be fair.
Mauritania ’s central bank said it may begin selling its own bills next year as a tool to drain excess funds from the economy and prevent rising wheat prices from pushing up inflation.
Mauritania’s economy is forecast to expand more than 6 percent for a third consecutive year in 2014, enabling the West African nation to create its first stock exchange and reduce borrowing, central bank Governor Sid’ahmed Ould Raiss said.
Chariot Oil & Gas Ltd., a U.K. explorer focused on West Africa, will sell stakes in fields off Namibia and Mauritania to help fund drilling costs next year.