BUSINESS LUNCH WITH THE MAURITANIA MINISTER OF OIL, ENERGY AND MINES, APRIL 25, 2018

Upon the request from the Ministry of Energy and Natural Resources of the Republic of Turkey, a business lunch with a limited participation was organized with the Minister of Oil, Energy and Mines of the Republic of Mauritania, Mohamed Abdel Vetah. Ministry of Energy and Natural Resources General Manager of EU and Foreign Relations Safa Uslu and Eti Maden Deputy General Manager Abdülaziz Ünal also joined the meeting with DEIK members.

The meeting continued with the introduction of Mauritania's mining and energy plans, after the parties introduced themselves and their institutions. In this context, the country is in a significant breakthrough, especially in terms of electricity generation from solar energy. For solar energy target price is 5.5 cent $ / kwh. Apart from this, the idle cycle natural gas power plants in Turkey and also as a practical solution may be to use HFO power plants. Turkish companies may operate especially in the country, which is rich in iron, gold and copper mineral deposits. The first project to be considered as a priority in the new period is the upstream project of the newly discovered natural gas deposit and partnerships with foreign investors are planned.