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Oil exploration: Qatar Petroleum gains foothold in the Tarfaya offshore area

Qatar Petroleum has joined the Italian oil company ENI and Morocco’s Office for Hydrocarbons and Mining ONHYM to explore for oil and gas off Tarfaya. ENI and Qatar Petroleum have signed an agreement on Wednesday allowing the Qatari company to acquire a 30% stake in the offshore concession of Tarfaya, including 12 blocks of exploration […]

U.S. ADM Starts Operating Sweetener Plant in Casablanca

The U.S. agribusiness group, Archer Daniels Midland Company (ADM), said that its Casablanca’s sweetener plant started operating in August with a view to boosting its footprint in the sweetener and starch market in the MENA region after expanding in Eastern Europe last year. The announcement was made by the CEO of the Chicago-based company PDG […]

Morocco well-placed to transform pandemic crisis into opportunity – Central Bank chief

By taking a series of economic and social reforms, Morocco is best equipped to transform the crisis propelled by the COVID-19 pandemic into an opportunity, governor of Morocco’s central bank Abdellatif Jouahri said.   King Mohammed VI has ordered a set of reforms that helped mitigate the impact of the crisis, said Jouahri in a […]