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Bombardier to Open €60 million Rail Plant in Morocco by 2020

multinational aerospace and transportation company Bombardier said it will set up a rail factory in Morocco worth €60 million with a potential to employ 2000 people by 2020. The announcement was made by head of Bombardier activities in Morocco Taoufiq Boussaid, who was speaking at the Rail Industry Summit in Casablanca. He said that Bombardier […]

New natural gas reservoirs off Larache, of excellent quality, Chariot company announces

The British company, Chariot Oil & Gas Chariot, has announced that the new natural gas reservoir discovered in the Anchois well off Larache is of excellent quality. The Africa focused transitional energy company said the tests carried out on these field wells revealed that methane gas would be present at more than 96% in the […]

Europe rushes to Africa for gas alternatives as dependence on Russian gas dims

Several European countries are increasingly turning to the African continent for gas supply as best alternative to the Russian gas as western countries look to reduce and end dependence on Moscow. Since the start of the Russia-Ukraine war in February this year, tensions built up between Russian President Vladimir Putin and European countries. The Russian […]