First Independent Mena Newspaper
The Algerian government has started to feel the heat of the falling oil and gas revenues, as the country’s foreign exchange reserves are expected to further drop to $85 billion at best, barely enough to cover 18 months of imports. The figure was recently announced by Algeria’s finance minister Abderrahmane Raouya who told MPs that […]
Italian Oil & Gas Company Eni has signed a Petroleum Agreement (PA) with the Moroccan State Company ONHYM to explore the Tarfaya Offshore area, located in the waters of the Atlantic Ocean offshore the cities of Sidi Ifni, Tan Tan and Tarfaya. Under the agreement, Eni will be the Operator of the license with a […]
Morocco’s Khalladi wind power plant, built in the North of the Kingdom, has started producing its first electricity, which it injected into the local power grid. The wind farm, developed by ACWA Power in collaboration with ARIF investment fund, is the first private renewable energy project in the country. It has been developed under a […]
A draft bill has been elaborated by the Moroccan government to back up its liquefied natural gas projects, as the north African Kingdom aims to bring the share of LNG to 13% of its energy mix by 2025. The draft bill sets the guidelines for establishing a tariff system for a natural gas market that […]
Is the US seeking to tap into Morocco’s natural gas projects? This question rose to the fore after media reports said that chief of the US Environmental Protection Agency (EPA) Scott Pruitt is in Morocco this week to “update” environmental cooperation under the US-Morocco Free Trade Agreement to include an option to supply the Kingdom […]
British company, SDX Energy, confirmed a new natural gas discovery as part of its well drilling campaign in Sebou, Eastern Morocco. “We are pleased to have made another discovery during our ongoing nine well drilling campaign, with this well exceeding our pre-drill net pay estimates by more than 50%,” Paul Welch, SDX’s president and CEO, […]
The first wind turbine blade made in Morocco saw the light of the day in the Siemens factory in Tangier and has been transported to Tangier Med port to be sent to its final destination. This 63-meter energy production tool weights 17 tons. Its size required close cooperation between the factory, local authorities and the […]
The achievement of the solar energy project in Midelt, in the Middle Atlas mountainous range, took a leap forward with a loan from the African Development Bank (AfDB) worth $265 million. Moroccan news outlets reported that the funding will help push forward the completion of the first phase of Noor Midelt project, which will have […]
Exxon Mobil and Mauritanian authorities have signed three production-sharing contracts for three deep-water exploration blocks. “These blocks further enhance ExxonMobil’s leading global deep-water acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company in a statement. “We thank the government of Mauritania for the opportunity to evaluate the potential of this acreage using our expertise […]
Thanks to its steady efforts and continental leadership in promoting solar and wind energy, Morocco reaped the award of “Best State Strategy” in the field of renewable energies at the Africa Investment Forum recently held in Paris. The distinction was awarded ex-aequo to Côte d’Ivoire, in recognition of the efforts undertaken by the two African […]