Qatar Petroleum has taken 30% participating interest from the share of Chevron Morocco Exploration Ltd in three deep-water offshore leases located 200 km to the North West of Agadir’s coast. This acquisition came following a deal signed last February and approved by the Moroccan government, said Telquel magazine. Under the agreement, Qatar Petroleum will acquire […]
Spending as part of the compensation fund subsidizing the prices of fuel, wheat, sugar, and butane gas more than halved to 4.5 billion dirhams in the first quarter this year, auguring well for state finances, according to the finance ministry. Subsidies including cash handouts to transport professionals stood at 44 billion dirhams last year due […]
Morocco has won international acclaim for its multi-pronged response to the coronavirus outbreak, which, besides health protection measures, included social protection initiatives and solidarity both at home and at the African level. However, on the eve of the lockdown easing with the re-opening of several businesses, the Moroccan citizen now should show more discipline in […]
