First Independent Mena Newspaper
The Polisario and its supporters in Spain have suffered a new setback after the Spanish Foreign Minister acknowledged Morocco’s legitimate right to explore gas and oil in its territorial waters. Far-left party, Podemos, which supports separatism in the Sahara, has tried to instigate the Spanish government against Morocco’s oil and gas explorations offshore Tan Tan, […]
Morocco has signed an onshore oil and gas exploration deal with Royal Dutch Shell and Spain’s Repsol covering the region of Souss Massa. The explorations will be carried out at an onshore site in the southern region of Souss-Massa, which covers an area of 9,990 square km, Morocco’s National Office for Hydrocarbons and Mining (ONHYM) […]
Investments in oil and gas explorations onshore and offshore Morocco since 2015 have totaled $2.8 billion (25 billion dirhams), 96% of which was paid by partners of the Moroccan hydrocarbons and mining office. Speaking at a meeting of the board of directors of the office, the Moroccan government chief said that the increasing oil and […]
The first results of the feasibility study on the undersea power grid linking Morocco and Portugal are so far promising. The inter-continental electricity link, expected to be operational by 2020, can be achieved for a total cost of €700 million. The results of the study will be fully unveiled in two or three months, said […]
Algeria will receive more doctors from Cuba in return for suppling the communist run island with crude oil, which seeks to offset a steep decline in oil shipments from its key ally Venezuela. An agreement was signed between the two countries providing for three years of Algerian oil supplies, the Cuban news agency Prensa Latina […]
Morocco’s road map to boost its renewable energy development plans was discussed at a meeting held in Casablanca Friday under the chairmanship of King Mohammed VI. During the meeting, managing director of the Moroccan Agency for Sustainable Energy (MASEN), Mustapha Bakkoury, made a presentation on the achievements scored up to 2017, when the share of […]
UK-based SDX Energy announced a new gas discovery in its ONZ-7 development well in the Sebou permit, north-western Morocco near the Atlantic city of Kenitra. Drilled to a total depth of 1,167 meters, the ONZ-7 well encountered five meters of net conventional natural gas pay in the Hoot formation, the company said in a statement. […]
Algerian authorities are alarmed by the rising bill of refined products, which hit $2.5 billion in 2017 up from 800 million in 2016 due to a surge in domestic demand and lack of national refining industry. As Algeria feels the heat of an economic and financial crisis propelled by the oil price plunge, the country […]
British Petroleum and its sister Dutch Shell have inked deals with the Libyan National Oil Corporation (NOC) to buy ship-ments of Libyan oil, Libya Herald reports Friday. The media said it received confirmation from the NOC that both European firms have signed deals to buy the Libyan oil. Shell, according to Bloomberg, which has been […]
Morocco, which imports most of its energy needs, is planning to build a $4.6 billion natural gas plant, part of its strategy to enhance its energy mix and autonomy. This project has been announced by the Moroccan Energy Minister Aziz Rabbah in Abu Dhabi, on the sidelines of his participation in the 8th session of […]