A dispute over contractual terms will not prevent the bringing on stream in late February of the country's first ever hydrocarbons production. Despite government challenges to amendments made in 2005 to the production sharing contract (PSC), a consortium led by Australia's Woodside Petroleum is on schedule by the end of the month to begin to pump 75,000 barrels a day of oil from the Chinguetti field, 100 kilometres west of the capital Nouakchott. All oil will be for export, with the first cargo to be loaded in March.
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