Sound Energy has stricken a deal to acquire all of Oil & Gas Investment Fund’s (OGIF) assets in Eastern Morocco – that includes 20% Tendrara, 75% of the Meridja project and a 75% stake in acreage close to Tendrara. Sound Energy will thus acquire the OGIF’s hydrocarbon assets in eastern Morocco in exchange for 272m […]
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 […]
Leading Saudi electricity producer and desalter, Acwa power, officially switched on a 120 MW wind farm in northern Morocco as it continues to diversify its portfolio in the north African country. The 1.8 billion dirham investment is the first wind farm to be launched by Acwa power, a group that operates in 10 countries notably […]
