First Independent Mena Newspaper
Russia’s Energy Minister Alexander Novak said Russian companies are interested in Morocco’s gas projects, notably the liquefied gas terminal in Jorf Lasfar and the Moroccan-Nigerian gas pipeline. “Our companies are interested in participating in those projects. We are ready to supply LNG, construct gas pipeline and terminal,” said the Minister in an interview with Russian […]
Morocco will have invested $40 billion by 2030 in projects aiming to develop the energy sector as it ambitions to derive 50% of its energy needs from renewable sources by the same year. “The Kingdom has succeeded, through an ambitious strategy, to turn its challenges into genuine investment opportunities, through its commitment to projects aimed […]
On his way back from Astana where he attended a summit of the Organisation of Islamic Cooperation (OIC) in his capacity as president of the Non-Aligned Movement, President Maduro of Venezuela stopped in Algeria where he had talks on means to halt the oil price glut. Maduro could obviously not meet Algeria’s ailing President Bouteflika, […]
Sound Energy, the European and African focused upstream gas company, announced that it has received a funding proposal for its Tendrara gas export pipeline in eastern Morocco from Advisory & Finance Group Investment Bank. Sound Energy explained in a statement that after receiving a non-binding expression of interest from Oil & Gas Investment Fund (OGIF) […]
Libyan oil production has plummeted by more than 30 per cent after armed militants blocked pipelines and closed oilfields, resulting in loss in revenues of about $160m, the national oil company said on Wednesday. The largest Libyan oil field, Sharara, has been closed for more than ten days while another, El Feel, shut this week, […]
The city of Marrakech is undertaking a pioneering experience at the national level by introducing electrical busses to replace diesel ones in a bid to reduce pollution, noise and enhance urban transportation. After a delay of a year in launching the E-busses, tests are ongoing with the goal of officially operating the busses by the […]
As part of efforts of bringing renewable’s share in overall electricity generation to 52% by 2030, Morocco has earmarked 2.3 billion dollars to boosting the use of solar energy in agricultural production. This investment is meant to bolster the use of solar energy in water pumping and to curb the consumption of Butane gas, said […]
The technology group Wärtsilä of Finland will supply a 22 MW baseload power plant to Morocco’s state utility (ONEE) under an engineering, procurement and construction (EPC) contract. The main evaluation criterion for the project was the levelized cost of energy (LCOE) during an operating period of 20 years. LCOE measures the operating period costs divided […]
Morocco, which imports the majority of its fuel needs and spends 10-12 pc of its gross domestic product on energy bills, bets heavily on renewables to meet its rapidly growing demand and honor its international commitments to combat climate changes. But will this North African country turn into gas exporter? It seems that the British […]
Morocco’s city of Marrakech, one of the world most population tourist destinations, will host the 30th World LPG Forum October 3-5. This global event will be bring together key international agencies, policy makers, The forum’s program features keynote address by Moroccan minister of energy, mines and sustainable development Aziz Rebbah, presentations by experts and debates […]