National Fund for Hydrocarbon Reserves

Mauritania US$ 0.3 Billion
Established: 2006
Transparency Rating: 1		 Origin: Oil & Gas
Firm Investment Style: Mixed
Entity Structure: 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
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
 Strategy & Objectives
In addition, it has a long-term goal of accumulating savings for future generations.

Governance
The Mauritanian Central Bank Ministry of Finance assures the management of the fund.

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