Mali on the Verge of Becoming the African Country with the Largest Oil Reserves

Mali is expected to become the African country with the largest oil reserves. According to Malian newspapers, enormous quantities reaching 4000 billion barrels have been discovered in the Taoudeni Basin. If this news is confirmed, Mali will become the African country with the largest oil reserves, enhancing its economic position. However, the Malian government has not yet confirmed this news.

This basin is located on the border between Mali and Mauritania, with the majority of its area lying within Mauritanian territory. The Taoudeni Basin is characterized by its complex geological formations and abundant natural resources, which, according to estimates, include vast quantities of oil and natural gas. The basin represents a significant economic opportunity for both countries, but it faces challenges related to environmental sustainability and potential impacts on local communities. Both states need to cooperate closely to manage the exploitation of these resources in a fair and sustainable manner, taking into account the associated environmental and social issues.

Source :

malijet.com