Tag: electricity utility ONEE
Business Energy Finance Headlines Morocco

Morocco’s electricity utility kept bills stable despite surge in energy cost

North Africa PostComments Off on Morocco’s electricity utility kept bills stable despite surge in energy cost

Morocco’s electricity utility ONEE said it expects the cost of buying energy to more than double to 47.7 billion dirhams this year, from 22 billion dirhams last year, because of a surge in prices of fuel and coal in the international market. Speaking to MPs, head of ONEE said that this surge was not reflected […]
Energy Headlines Morocco

Sound Energy to supply Morocco’s electricity utility with gas

North Africa PostComments Off on Sound Energy to supply Morocco’s electricity utility with gas

The UK upstream Morocco-focused Sound Energy inked a gas supply deal with Morocco’s ONEE, state-owned power company. Under this preliminary agreement, Sound Energy will commercialize the gas found in the Tendrara permit where it holds 47.5%, alongside Schlumberger, which has a 27.5% direct interest and the state’s hydrocarbons office ONHYM with 25%. The East Morocco […]