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    OIL AND GAS

    August 12, 2022

    USAID, OCP Group Discuss Impacts of High Energy Costs

    Rabat - Given the current global energy crisis, USAID Administrator Samantha Power met with Mostafa Terrab, Chairman and CEO of Morocco’s phosphate and fertilizer giant OCP Group to examine the impacts of rising energy costs on the fertilizer sector, as a result of Russia’s"...

    August 10, 2022

    EU liaises with Morocco to study investment possibilities in Morocco-Nigeria gas pipeline project

    The European Union has reached out to the kingdom of Morocco to study possibilities to invest in the Morocco-Nigeria gas pipeline project that will connect up to Spain, in view of replacing Russia which is using its gas as political weapon.

    The"...

    August 10, 2022

    Sound Energy Seeking Co-Investor for Tendrara Gas Operation in Morocco

    Rabat - The British energy company Sound Energy is looking to partner with another investor to carry out phase II of the Tendrara and Anoual gas exploration permit in North Eastern Morocco.

    Sound"...

    August 5, 2022

    UN Denounces ‘Grotesque Greed’ of Firms Profiting From Energy Crisis

    Rabat - UN Secretary-General Antonio Guterres has expressed concerns about companies profiting from the Ukraine-Russia conflict and its effect on global energy prices. The UN chief warned that the combined profits of the largest energy companies are close to $100 billion in the first quarter of this year, describing the situation as “immoral.” “This grotesque greed is punishing the poorest and most vulnerable people while destroying our only home,” Guterres warned. In response, Guterres called on governments to......

    August 5, 2022

    Morocco’s petro-PM faces heat over soaring fuel prices

    RABAT: Morocco’s Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices-and energy firms’ profits-surge. The government of the North African kingdom, which is heavily reliant on oil imports, insists"...

    August 4, 2022

    Nigeria-Morocco Pipeline: Morocco in Talks With European Partners for Financing

    Rabat - Amina Benkhadra, the general manager of Morocco’s National Office of Hydrocarbons and Minerals (ONHYM), has said that Morocco is in talks with European partners to guarantee the financing of the Nigeria-Morocco gas pipeline.

    Europe"...

    August 3, 2022

    AMEA Power breaks ground on 34-MW solar park in Morocco

    August 3 (Renewables Now) - Dubai-based clean power producer AMEA Power and its partner GPM Holding have begun the construction works on a 34-MW solar plant in Morocco.

    The USD-37-million (EUR 36.2m) photovoltaic"...

    August 3, 2022

    Morocco Has Invested $5.2 Billion in Solar Energy Projects

    Rabat - Morocco has invested $5.2 billion in solar projects so far, with the Noor Ouarzazate complex serving as an example of the country’s potential regarding renewable energy.

    In an interview with Forbes,"...

    August 3, 2022

    Morocco-UK Power Project: Xlinks Hires WSP as Technical Advisor

    Rabat - Xlinks, a British green energy company, announced today awarding a tender to WSP, a Canadian engineering consultancy, as part of the Morocco-UK submarine power cable project.

    Under a £1 billion contract,"...

    August 2, 2022

    Morocco’s Cooking Oil Brand Lesieur Cristal Announces Price Cuts

    Rabat - Morocco’s cooking oil brand Lesieur Cristal has announced a price decrease in their products made from sunflower seeds.

    In a statement released earlier today, the company attributed the price reduction"...

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