tripartite-declaration-signed-in-Rabat-dec.2020

Sound Energy signs 10-year LNG sales agreement with Afriquia Gaz

Sound Energy, Morocco-focused upstream gas company, has announced the signing of a binding 10 year LNG sales agreement with Afriquia Gaz for the Phase 1 development covering the sale of around 100 million cu/m of gas in a liquified form per year The company has provided this update in relation to the micro liquified natural […]

Chinese CCCC & CRBC companies take over construction of industrial hub near Tangiers

China Communication Construction Company Ltd. (CCCC), and China Road and Bridge Corporation (CRBC) will take over the construction and development of Mohammed VI Tangier Tech City that was initially set to be partly carried out by Chinese group HAITE. The related Memorandum of Understanding was signed by Tangier Tech Development Company (SATT) and the two […]

Morocco to abandon international bond issue in 2022

Morocco may no longer issue an international bond as was planned earlier this year amid deep uncertainty and market volatility, finance minister Nadia Fettah Alaoui said. The government expects its financing needs to grow to 60 billion dirhams ($5.5 bln) next year compared with some 45 billion dirhams this year. “We will try to strike […]