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About North Africa Risk Consulting

North Africa Risk Consulting, Inc. is a political risk firm specializing exclusively in North Africa & the Sahara. NARCO helps firms navigate Maghreb markets. Ongoing events in North Africa and the Sahara have heightened the need to understand political circumstances, their trajectories and implications for the commercial environment. Learn more about North Africa Risk Consulting.

NARCO CLOSEHOLD: The Nouakchott Hustle

ExxonMobil signed an exploration deal this week for three offshore blocks. Although the terms are not yet public, Nouakchott is murmuring that XOM paid a US$70 million signing bonus. That’s big. Especially for a country with a 2016 GDP of US$4.6 billion. But the Exxon deal isn’t the only thing happening in Mauritania these days. Extractive industries in general are booming and Nouakchott is bouncing.

NARCO CLOSEHOLD: This Time's Different. No, Really. It Is.

So here we are again. Algeria says it wants to – no, it says it has to – exploit its enormous shale gas potential. Sure. This feels very much “been-there-done-that.” But this time’s different. No, really. It is. And here’s why...

NARCO RoundUp (SEPT17)

Summer is over, the Eid and beaches behind us, but North Africa seems to be stuck in a rut. If there’s one theme that ties the September RoundUp together it’s repetition: Algeria has a new old prime minister. Libya is talking about talking again. Mauritania’s president is laying the foundation for a third term. And the Islamic State is making a limited comeback.

NARCO Analysis: Libya's 1mbpd Question Part Two

Back in July NARCO put out some analysis about Libya having reached that magic 1mpbd production milestone. The thrust of NARCO’s analysis was that Libya – largely through the singlehanded, Herculean efforts of NOC Chairman Mustafa Sanalla – had managed to cobble together a meaningful level of production after years of lost potential. But NARCO had serious reservations about how stable that production was.