Chariot Oil & Gas Company Enhances Presence in Morocco

Chariot Oil & Gas Limited has been awarded by Moroccan authorities a 75 pc interest and operatorship of the Mohammedia Offshore Exploration Permits I – III, which span over 4,600 square kilometers. The company says the area contains a number of proven and potential play systems. “Chariot is pleased to be able to convert the […]

Tunisia: Nine women sentenced to prison for terror acts

The Criminal Chamber within the court of first instance in Tunis has sentenced nine women to several years in prison for forming a terror cell that was plotting to attack a minister in the North African country. Two members of this group of ten people including the cell alleged founder, were sentenced to 25 years […]

Morocco’s Bank Crédit Agricole gets $20 Mln Loan from EBRD to support exporters & importers

The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]