5.000
%
Neutral
70
mm boe
0
%
Mauritius is a stable, well-regulated financial centre. There is no hydrocarbon sector. Outlook maintained because the operating environment is stable. Outlook: Neutral. Risk premia set at 5% (previously not rated).
October 9, 2026
Africa - East
mm bbl
bcf
Southern Africa, an island in the Indian Ocean, east of Madagascar.
-
No active upstream regime. The Petroleum Act 1970 provides for exploration licences, but no acreage is currently licensed and there has been no drilling. Rights in the Joint Management Area on the Mascarene Plateau are shared with Seychelles under a 2012 treaty, and any award would be on negotiated terms with standard corporate income tax.
Prime Minister Navin Ramgoolam's coalition won a landslide in November 2024, and the UK–Mauritius treaty transferring sovereignty over the Chagos Islands was signed in 2025. US and UK guidance describe a stable, well-regulated international financial centre, while noting fiscal pressures and the review of revised public finance data. There are no hydrocarbon resources; Mauritius imports fuel and coal for power and is expanding solar.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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