Chariot Oil & Gas Extends its Morocco Offshore Explorations to Kenitra

Chariot Oil & Gas announced that it received a 75% stake of the Kenitra offshore exploration permit which together with the neighboring offshore exploration in Mohammedia could contain more than 1 billion barrel. The UK company said its subsidiary Chariot Oil & Gas Investment (Morocco) will carry out the exploration in partnership with Morocco’s Office […]

Morocco: EBRD expects growth to reach 4.2 % in 2025 & 4 % in 2026

Morocco’s economic growth is expected to reach 4.2 % in 2025 and 4 % in 2026, driven by public investment, according to the projections of the European Bank for Reconstruction & Development. In its latest report on regional economic prospects, the Bank said inflation in Morocco fell to an average of 1.2 % in the […]

Egypt: Sudan Calls for Settling Halayed Triangle Territorial Dispute

Egypt could soon be entangled in another round of territorial dispute with Sudan over the Halayed Triangle overlooking the Red Sea as Sudan’s Foreign minister Ibrahim Ghandour told the parliament that Khartoum has taken “necessary legal and political measures” to preserve its rights and sovereignty. Sudan raised new concerns over the territory after Egypt and […]