First Independent Mena Newspaper
Italy’s energy company Eni and Algeria’s state-owned hydrocarbons firm, Sonatrach, inked an agreement to build a solar plant to help the north African country reduce its dependency on gas. In addition to meeting local electricity demand, the plant would also free up more gas for the export market, local media said. The 10MW plant will […]
Morocco seems firmly resolved to reach the goal it set to cover more than half its energy needs by 2030 from renewables. In this vein, King Mohammed VI, who supervises the national program for the development of renewable energy, chaired on Monday in Tangier a working session devoted to the energy sector in general and […]
Swiss NGO, Public Eye, has issued a report denouncing the export of high polluting diesel by several European companies to African countries by taking advantage of weak fuel standards in the continent. The “Dirty Diesel” report notes that the diesel shipped to Africa could never be sold at gas stations in Europe because of high […]
The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]
Head of Libya’s Unified National Oil Corporation (NOC) Wednesday announced immediate exportation of the Libyan oil following capture of oil crescent by General Khalifa Haftar forces despite threats of sanctions by western powers supporting the Government of National Accord (GNA), reports say. chairman of the NOC Mustafa Sanalla visited Zueitina; one of four oil terminals […]
The U.S. Agency for International Development (USAID) has announced support for a research in Morocco on the integration of solar energy microgrid into ‘smart buildings’ in partnership with National Instruments. The Moroccan solar energy research is among the 49 final projects selected by the USAID Global Development Lab from over 650 worldwide scientific proposals. The […]
Morocco, host country of the 22nd UN conference on climate change (COP22), will fit its mosques with energy saving light bulbs, solar thermal water heaters and photovoltaic systems. The move dubbed “Green Mosques” is part of the North African strategy to encourage renewable energies. Six hundred “green mosques” are to be created in the country […]
After making a significant gas discovery in Tendrara, North Eastern Morocco, Sound Energy has pressed on with its second well in the license area. Lying only 1.6 kilometers away from its first TE-6 gas well in Tendrara, Sound Energy announced that works have started on the second TE-7 well with aim of prospecting gas volumes, […]
Qatar Petroleum has taken 30% participating interest from the share of Chevron Morocco Exploration Ltd in three deep-water offshore leases located 200 km to the North West of Agadir’s coast. This acquisition came following a deal signed last February and approved by the Moroccan government, said Telquel magazine. Under the agreement, Qatar Petroleum will acquire […]
Morocco’s oil and gas imports stood at 29.394 billion dirhams by July 2016 compared to 41.947 billion dirhams the same period last year, which is a significant 30% drop, Morocco’s exchange office said in its latest statistics. Yet, despite the drop in oil prices, Morocco’s commercial deficit deepened 7.5% as imports continue to exceed exports. […]