Sebou gas project

Morocco: King appoints members of Anti-Corruption Commission

Morocco’s King Mohammed VI has appointed the members of the National Commission for the Prevention and Fight against Corruption. The purpose of this body, composed of 12 members plus the president, is to “implement policies that seek to mitigate the challenges of corruption,” according to a statement by the royal office. These measures include the […]

Sound Energy Confirms Gas Potential in Eastern Morocco

Sound Energy confirmed gas discoveries while drilling its third TE-8 gas well in the Tendrara license area in eastern Morocco. The news comes after the company announced recent success at the company’s first two Tendrara wells (TE-6 and TE-7). The UK-based company said that gas has been discovered at a depth of 2,643 in the […]

IFC lends OCP 100 mln euros to build four solar plants

The International Finance Corporation (IFC), an offshoot of the World Bank, agreed to lend Morocco’s phosphates and fertilizers giant OCP 100 million euros to fund the building of four solar plants, the two parties said. The agreement was announced during the International Monetary Fund-World Bank Group Spring Meetings in Washington DC. The green loan will […]