First Independent Mena Newspaper
Esso Exploration International Ltd., a subsidiary of U.S. ExxonMobil Corp., signed on Tuesday in Rabat two reconnaissance contracts with Morocco’s National Office of Hydrocarbons (ONHYM). These reconnaissance contracts cover the areas of Safi-Essaouira Offshore and Agadir-Ifni Offshore. The areas are located offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. The signing of these […]
Morocco and Germany signed a climate and energy alliance that includes cooperation in green hydrogen, to which Morocco attaches utmost importance in its energy diversification plans. The alliance was signed by Foreign minister Nasser Bourita and German Development Minister Svenja Schulze in Berlin. Hydrogen is key to Germany’s goal to reach carbon neutrality by 2045. […]
The OPEC Fund for International Development (the OPEC Fund) approved on Wednesday a $ 100 million loan to Morocco to enable the country to co-finance the first phase of the “Economic Governance & Climate Change Resilience Support Program”. To counter global economic and climate change challenges, the Moroccan government has set an ambitious program destined […]
Morocco was ranked the eighth largest recipient of financial flows in renewable energy at 6.2 billion dollars between 2010 and 2021, a new renewable energy agency report said. Most of these financial flows went to solar, followed by wind, said the report, to which the international energy agency also contributed along with the World Bank. […]
Chariot energy Company has signed an agreement with Vivo Energy Maroc firm on future natural gas offtake from the Loukos Onshore license in which the British company holds 75% stake, while Moroccan National Office of Hydrocarbons and Mines (ONHYM) has 25 %. In a press release issued Monday, Chariot said the aim of the agreement […]
Morocco’s biggest mining company, Managem, bought Sound Energy Morocco East Limited as it seeks to diversify into gas, the company said. Managem acquired 55% of the Tendrara concession, 47.5% of the Grand Tendrara Permit and 47.5% of Anoual Exploration. The transaction would help Managem contribute to the development of gas production in the country with […]
Italian Prime Minister Giorgia Meloni, whose Africa development plan has drawn criticism, has elevated the continent as a central theme and top priority at this year’s Group of Seven (G7) leaders’ meeting, positioning Italy as a key energy hub linking Europe with Africa. Africa is high on Italy’s agenda this year at the three-day G7 […]
Senegal’s Sangomar oil and gas field has produced its first oil, operator Woodside Energy said, with the newly elected president Bassirou Faye promising that oil revenue will be “well managed.” Senegal also expected to start producing gas this year in the Greater Tortue Ahmeyim offshore field which it shares with Mauritania. “This is an historic […]
Morocco’s active participation in the Sustained Dialogue on Peaceful Uses of Nuclear Energy, Science and Technology (SDPU) initiative was highlighted Monday in Washington during a meeting on this initiative that was chaired by U.S. Under Secretary of State for Arms Control and International Security, Bonnie Jenkins. During this meeting held at the State Department, Morocco’s […]
Benin accused Niger of sending secret agents to spy in its Seme port where a Chinese-built pipeline was supposed to begin exporting Nigerien gas, before it was blocked by Beninese authorities last month. The arrest of five Nigerien nationals marks a new escalatory move in the standoff between the two ECOWAS neighbors. Benin said the […]