Mali - Oil & GasMali - Oil & Gas
Overview
Mali imports petroleum products for electricity production as well as private and public sector consumption. State subsidization of petroleum products via the National Office for Petroleum Products (ONAP) puts a strain on public finances. The IMF is working with the government to reform petroleum subsidies. Major companies Shell and Total shoulder primary responsibility for gas importation and distribution, but local distributors are also active.
Leading Sub-Sectors
Mali has numerous sediment basins in the Center and North, particularly in the remote Taoudeni region, and seeks to encourage oil exploration in these areas. There has been little exploration to date and no production, primarily due to the high cost of extraction, lack of infrastructure, and insecurity in central and northern Mali. Mali will continue to import petroleum products for the foreseeable future, principly through neighboring countries.
Opportunities
Increasing energy consumption will increase demand for petroleum products. In the short and mid-term, Mali will continue to import petroleum products.
Web Resources
Customs Office
Embassy Bamako’s Commercial Section: BamakoEcon@state.gov