National Fund for Hydrocarbon Reserves
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Country: Mauritania Established: 2006 US$ Billion: >0.3 |
Origin: Oil, gas Entity Structure: Fund |
Summary:
Established on June 14th, 2006, the fund plays the role of a macroeconomic stabilization fund for the country. In addition, it has a long-term goal of accumulating savings for future generations. The Mauritanian Central Bank Ministry of Finance assures the management of the fund.
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
