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 […]
The Democratic Republic of Congo (DRC) has suspended the political party of former president Joseph Kabila, accusing him of high treason over alleged links to the Rwanda-backed M23 rebel group. The Interior Ministry announced the suspension of Kabila’s People’s Party for Reconstruction and Democracy (PPRD) and ordered the seizure of assets belonging to him and […]
The Moroccan government will get 8.87 billion dirhams (about $1 billion) from the sale of 8 per cent of its stake in the telecommunication continental giant. The Moroccan Capital Market Authority (AMMC) has given the go-ahead to the government to sell 8% of its shares in Maroc Telecom. The planned transaction on the block market […]
