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Morocco’s SNI Changes Name into Al Mada, Gears Activity to Africa

SNI, the largest stakeholder in the Moroccan economy, announced that it has changed its name into Al Mada in tandem with gearing its activity towards becoming a pan-African investment fund. This change was approved at a meeting of SNI’s board of directors on March 28 in Casablanca, said the company in a statement noting that […]

Libya’s oil market still plagued by insecurity

The Libyan oil law being drafted by a committee is expected to be ready before September “if all goes well” according to oil minister Abdelbari al-Arusi. The law has to come into force before a licensing round can be launched, but most analysts remain pessimistic about the law being passed. Minister Arusi said that the […]

U.S. Murphy Oil Corporation to Conduct Exploration Drilling in Morocco’s Offshore

American Murphy Oil Corporation will carry out exploration drilling in Morocco’s Gharb Deep Offshore water bloc under an agreement signed lately with the National Office of Hydrocarbons and Mines (ONHYM). “We are excited about our entry into Morocco, which offers exposure to exploration in a frontier basin with attractive entry costs and competitive terms. This […]