UK’s Chariot Oil & Gas expresses optimism at Morocco operations

UK-listed Chariot Oil and Gas upgraded its gas expectations off Larache coast saying that the new discovery bodes well for Morocco’s “growing gas sector”. Chariot was awarded the Lixus offshore license, which contains the Anchois discovery, in April. Chariot has a 75% interest and operatorship of the Lixus license. Its partner is Morocco’s state-owned Office […]

Migration: France, Spain for Stronger EU Cooperation with Morocco

French President Emmanuel Macron and Spanish Prime Minister Pedro Sanchez have called for increased support and cooperation from the European Union (EU) with countries of origin, transit and destination, especially Morocco, to face the migratory challenge. The call came in the joint statement on immigration and asylum signed by Sanchez and Macron, after talks they […]

Egypt: Debt payment delayed, Gulf oil grants over, Minister Ismail

Oil Minister Sherif Ismail has announced that the payment of Egypt’s debt to foreign oil companies will be delayed by six months thereby pushing the deadline to the end of next year after Egypt had promised to repay all its debt by mid-2016. He also said there will no longer be oil grants from the […]