Algeria: Sonatrach and Fenosa finalise deal

Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain’s Gas Natural Fenosa was a signatory to the deal with Algeria’s Sonatrach for 800mn m³/year of gas for a period of 18 years and for a 10% stake in the 8bn m³/yr in the Medgaz […]

Morocco Attends World Humanitarian Summit

Morocco, which backs humanitarian actions around the world despite its limited resources, has attended the World Humanitarian Summit held in Istanbul, Turkey this May 23-24. King Mohammed VI was represented at the summit opening by his younger brother Prince Moulay Rachid. The Summit aims at raising funds for humanitarian aid and reviewing ways to improve […]

Natural Gas Exploration: Israeli energy company seals offshore deal with Morocco

Israeli NewMed Energy firm announced on Tuesday it has signed a deal with Morocco’s hydrocarbon authority and Adarco Energy for offshore natural gas exploration and production in the north African kingdom. Under the terms of the agreements, NewMed and Adarco will each hold a 37.5 pc stake in the Boujdour Atlantique exploration license, located off […]