British company, SDX Energy, confirmed a new natural gas discovery as part of its well drilling campaign in Sebou, Eastern Morocco. “We are pleased to have made another discovery during our ongoing nine well drilling campaign, with this well exceeding our pre-drill net pay estimates by more than 50%,” Paul Welch, SDX’s president and CEO, […]
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 […]
Libyan Foreign Affairs Minister, Najla Mangoush, has paid tribute to King Mohammed VI for the efforts Morocco is exerting to resolve the Libyan conflict, and called on the Kingdom to “reopen as soon as possible its embassy in Tripoli.” “We are asking Morocco to reopen its embassy in Tripoli,” said the Libyan Foreign Minister after […]
