BCIJ Khiam

Sound Energy receives financing from Attijariwafa Bank for gas field project in Morocco

Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]

Morocco expects rise in cereal harvest to 4.4 mln tons

Morocco expects its cereals harvest to grow to 4.4 million tons this season, up 41% from last year, thanks to March and April rainfall, the agriculture ministry said. Moroccan agriculture reeled under the impact of seven consecutive years of drought, that slashed the harvest last year to 3.1 million tons, compared to an average year […]

Spanish Gardia Civil busts drug trafficking network operating from Morocco

Spanish security forces have dismantled this week a criminal network, the most active in Andalusia, that used to import drug from Morocco. Led by the Guardia civil and the Tributary Agency, the operation led to the seizure of more than 7,700 kilograms of hashish and the arrest of 45 people, including the head of the […]