Oil was discovered in Mauritania in 2001 in the offshore Chinguetti field. Although potentially significant for the Mauritanian economy, its overall influence is difficult to predict. Mauritania has been described as a "desperately poor desert nation, which straddles the Arab and African worlds and is Africa's newest, if small-scale, oil producer." There may be additional oil reserves inland in the Taoudeni basin, although the harsh environment will make extraction expensive.