First Independent Mena Newspaper
UK-based Sound Energy company has sealed a new 8 year petroleum deal including the areas previously covered by the Tendrara petroleum agreement and the Matarka reconnaissance license (“Greater Tendrara”) in addition to the existing Anoual petroleum agreement and the production concession application relating to the Tendrara gas discovery in Eastern Morocco. Commenting the deal, Sound […]
The 900MW wind farm that will be built by Brookstone’s Soluna firm in the southern province of Dakhla for about $2.4 billion is a trailblazing project that has been met with acclaim in Morocco, notably among the population of the southern provinces, much to the chagrin of pro-separatist organizations funded by Algeria. The project will […]
State-owned oil and gas company Sonatrach, the backbone of Algeria’s economy, is reeling under an acute brain drain as its recent discoveries fail to offset the decades long depletion of the country’s hydrocarbon resources. The company has lost 16,000 of its brilliant minds in the last eight years deplored Sonatrach officials in statements to Algerian […]
Emmerson company, which specializes in natural resources exploration and production, is developing the Khemisset Potash Project, in Northern Morocco. The project has a large JORC Resource Estimate and significant exploration potential with an accelerated development pathway targeting a low capex, high margin mine, says the company’s management. Khemisset is ideally located to benefit from the […]
Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]
The abundance of sun and wind is increasingly attracting foreign firms to invest in Morocco’s south, the Sahara, as the government set the target of generating 50% of its energy mix out of renewable sources. The recent announcement by Soluna, a New York-based computing company backed by Brookstone Partners, to build a wind-powered center in […]
Soluna Technologies, Ltd. has unveiled plans to build its own wind farm power plant in Southern Morocco in one of the world’s windiest regions and combine it with the company’s private computing facilities to help power the blockchain in a more eco-friendly and sustainable way. The New York-based computing company, backed by Brookstone Partners, will […]
Shell will set up an office in Nouakchott to begin exploring hydrocarbons off shore the West African country. Under an agreement reached between the two parties, the oil and gas giant Shell shall begin exploration activities, starting with reprocessing and analysis of existing seismic data. “This move represents Shell’s entry into the West African Atlantic […]
The European Bank for Reconstruction and Development supports SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel oil. Eric Rasmussen, director of the EBRD’s Natural Resources team said: […]