First Independent Mena Newspaper
Morocco is on track to becoming a player in the gas market following the successful drilling of the Tendrara wells, east of the country, which are expected to be pumping gas by 2019, said Interfaxenergy.com, a news outlet specialising in gas market. The same source said that the UK-based explorer Sound Energy sees promising prospects […]
Morocco, host country of COP22 in Marrakech November 7-18 and gate for investments in Africa, is busy working to encourage international financial institutions to support green banking markets in African continent. BMCE Bank of Africa has teamed with the European Bank for Reconstruction and Development (EBRD) and organized on Wednesday a conference in Casablanca to […]
Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]
Thanks to its largescale investments in renewable energy, Morocco is becoming a vanguard of solar revolution, US business channel CNBC said. “In North Africa, Morocco’s vast Noor Ouarzazate solar complex – one of the world’s largest – uses concentrated solar power (CSP) to produce clean energy,” said CNBC on its website. CNBC highlighted the efficiency […]
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 […]