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Vivendi selling Maroc Telecom stakes

Stakes owned by Vivendi SA in Maroc Telecom are being sold as part of debt reduction plan by the former. The sale is estimated to generate more than $5billion. Two potential investment banks have already been contacted by Vivendi but political policies might make a deal hard to come by, the source added. Vivendi accounts […]

Severing Ties with Iran, a ‘Sovereign Decision’- Morocco Says

Morocco’s foreign ministry said that severing diplomatic ties with Iran is a sovereign decision that was not taken under whatsoever influence of any country. “After the Kingdom of Morocco cut diplomatic ties with Iran, some parties lacking arguments, alleged that the Kingdom took such a decision under pressure from some countries,” the foreign ministry said […]

Morocco opts for floating LNG facility in Nador West Med

Morocco is preparing to launch a tender this summer to build a floating regasification unit in the port of Nador West Med, an energy ministry official said. A financial close is expected in 2025, with construction and entry into service seen in 2026, the official in charge of oil and gas at the ministry was […]