First Independent Mena Newspaper
Morocco has reinforced its production capacities of industrial lubricants, which are increasingly exported to the African market. Speaking to le360 news portal from Accra, director of oil company, Afrique Petromin Internatoinal, Hicham Bouzoubaa said that Morocco offers massive investment opportunities for the development of the lubricant industry. He said the kingdom is increasingly […]
The Moroccan agency for energy efficiency (AMEE) was awarded a top prize at the third Emirates Energy Award in Dubai in recognition for its efforts to promote the rational use of energy. AMEE was among 33 winners at the event organized in tandem with the fourth edition of The World Green Economy Summit (WGES) with […]
Siemens has inaugurated the first Turbine Blade Factory in the northern Moroccan city of Tangier that was completed for a total cost of $118 million. Built over a surface area of 37,500 square meters, the new factory is the first of its kind in North Africa and the Middle East and will offer 600 jobs […]
Following its material successes in the Tendrara project in eastern Morocco, Sound Energy, the European and African focused upstream gas company, announced plans to shift its focus entirely on accelerating exploration drillings in Morocco. Sound Energy’s increasing focus on Morocco comes after the company’s disappointing activities in Italy where it stripped out its assets. In […]
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 […]