Petrolium Oil Alliance Forms Drilling JV with Mauritania
Petrolium Oil Alliance Inc. and its U.S. subsidiary PetrOil Inc., formerly CybeRecord, Inc., have entered into negotiations with the Islamic Republic of Mauritania in continuing its plans of expansion within the African Continent.
Wadah Richad Kilani President of Petrolium Oil Alliance Inc. and his corporate team of advisors attended high level meetings held on Nov 4th 2008 with Minister Ba Houdou of the Ministry of Promotion in Investments, Hamadi Ould Baba Ouild Hamadi the Charge de Mission and other Ministry officials. That afternoon meetings continued at the Ministry of Petroleum and Energy with Minister Mohamed Salem Boidaha and Cheikhna Ould Ahmed Ould Elyass the Le Secretaire General. At this meeting various forms of Petrolium Oil Alliance Inc. participation were discussed and existing plotted sites were analyzed with the Geology Division of the Ministere de L'Industry et des Mines.
After finding many points of common interest negotiations resumed on Nov 5th 2008 at the Societe Mauritanienne des Hydrocarbures, the government owned oil company known as SMH with General Manager Former Minister Mohamed Ould Bahiya, Director General Adjoint Mr. Tourad Ould Abdel Baghi and Financial Director Chiek Mahamed Elhafed Ould Tolba. After hours of deliberation a decision was made that it would be beneficial in establishing a Joint Venture between Societe Mauritanienne des Hydrocarbures and Petrolium Oil Alliance Inc. in the fields of onshore and offshore drilling for oil and natural resources as well as other strategic ventures. This was reflected and signed by both parties in the Meeting Protocol.
Petrolium Oil Alliance Inc. congratulates its President Wadah Richad Kilani on his appointment as Honorary Council of The Islamic Republic of Mauritania.
The Islamic Republic of Mauritania is located in Western Africa. Mauritania's oil and gas natural reserves are being developed both onshore and offshore for commercialization by large multi national corporations. Mauritania also is proving and developing the county's Gold, Platinum, Diamond and Titanium reserves for commercial ventures.
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