The consolidated revenues of Morocco’s state-run phosphates company, Office Chérifien de Phosphate (OCP), fell to 42.47 billion dirhams in 2016, compared to 47.73 billion dirhams in 2015. The OCP, the world’s leading phosphates exporter, imputed the drop to the slide in phosphate and fertilizer prices, prompting efforts to increase production and cut costs to counter […]
Morocco warned Wednesday at the United Nations against “any irresponsible or risky course of action in connection with the regional dispute over the Moroccan Sahara”. In a speech to the 70th session of the UN General Assembly, King Mohammed VI said the Organization’s work “must not be a destabilizing factor for countries that contribute to […]
Libya is drafting a law aimed at making its oil industry more attractive to foreign investors. Most of the investors left the North African country when the war got intense between Gadhafi’s army and the rebels. Libya has one of the largest oil reserves in the world but political tensions have made it a high […]
