Sound Energy, the Morocco focused upstream gas company, has expanded its activities in Morocco with the signing of an 8-year petroleum agreement covering a large area extending across and beyond the permits that were formerly known as the Sidi Mokhtar, in Essaouira basin The agreement was signed with Morocco’s state regulator for petroleum operations, ONHYM, […]
he Moroccan Cabinet Council adopted Thursday at its weekly meeting Bill 11.19 ratifying the agreement establishing the African Continental Free Trade Area (AfCFTA), signed in March 2018 in Kigali, capital of the Rwanda. The announcement was made by the Government Spokesperson Mustapha El Khalfi at the press briefing that followed the meeting. To enter into […]
Morocco’s high commission for planning issued bleak figures on the impact of coronavirus, which pushed 142,000 companies to halt activity, forcing 700,000 to temporary or lasting unemployment. In total, 57% of Moroccan enterprises, mostly small and medium sized have ceased operations. These comprise 135,000 enterprises that closed temporarily and 6,300 that declared bankruptcy, the HCP’s […]
