Morocco: World Bank anticipates growth of 1.1% in 2022 & 4.3% in 2023

Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]

Rabat, Amman to Bolster Cooperation in Energy & Mining

Morocco and Jordan are exploring ways of enhancing further their cooperation in the sectors of energy and mining, one of the main pillars of the two countries’ economies. A at meeting held Monday in Amman between Moroccan Minister of Energy & Mines Aziz Rabbah and Head of Jordan’s Minerals Regulatory Commission Farouq Hiyari, the two […]

Hydrocarbon: ExxoMobil’s ESSO gets two offshore reconnaissance contracts in Morocco

Esso Exploration International Ltd., a subsidiary of U.S. ExxonMobil Corp., signed on Tuesday in Rabat two reconnaissance contracts with Morocco’s National Office of Hydrocarbons (ONHYM). These reconnaissance contracts cover the areas of Safi-Essaouira Offshore and Agadir-Ifni Offshore. The areas are located offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. The signing of these […]