National Fund for Hydrocarbon Reserves

Mauritania US$ 0.3 Billion Origin: Oil

Profile Directories

Sovereign Wealth Funds

Public Funds

Established: 2006
Transparency Rating: 1
View Sovereign Fund Transaction Data

Firm Investment Style: Mixed
Entity Structure: Fund

Fund Details

Main Office
Banque Centrale de Mauritanie
Avenue de Lā€™ Independance
BP 623 Nouackchott
Mauritania

Strategy & Objectives
In addition, the sovereign wealth fund has a long-term goal of accumulating savings for future generations.

Governance
The Mauritanian Central Bank assures the management of the sovereign wealth fund.

Summary
Established on June 14th, 2006, the sovereign wealth fund plays the role of a macroeconomic stabilization fund for the country. It is also known as Fonds National des Revenus des Hydrocarbures (FNRH).

Background on National Fund for Hydrocarbon Reserves
Revenue sources of the fund:

  • Revenues from State shared production with oil companies “profit oil”
  • Royalties and taxes from the oil companies
  • Dividends from the SMH (Mauritanian Hydrocarbon Society)
  • Bonuses, levies, penalties
  • Investment fund revenues