King Mohammed VI & President of Gabon Ali Bongo

Morocco Action Climate Plan Gets $200 Mln Boost from Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) has agreed to support Morocco’s action climate plan with a $200 million funding to help the Kingdom implement the updated Nationally Determined Contribution (NDC 3.0). This third generation of climate action plans under the Paris Agreement targets 2035 by raising significantly ambition to align with the 1.5°C goal, covering sectors […]

Spain, Morocco reinforce electric interconnectivity

The third electricity link between Morocco and Spain will have a capacity of 700MW bringing the combined commercial capacity of all links to 1500 MW, Spanish grid operator Red Electrica de Espana said. An agreement was signed in that regard last week at a ceremony in Rabat chaired by King Mohammed VI and his guest […]

Egypt distributes offshore Mediterranean blocks

Eight oil and gas exploration projects have been awarded by Egypt to several companies in a statement released from the ministry of petroleum. The decision followed the reception of 13 offers after an international call for tender concerning prospective acreage. Among the companies are British Petroleum (BP), International Egyptian Oil Company (IEOC), a subsidiary of […]