First Independent Mena Newspaper
Morocco’s phosphate giant OCP Group achieved exceptional financial performance in 2024, recording revenue of 96.99 billion dirhams and net profits surging 46% to 20.9 billion dirhams, marking the company’s second-best year in history while accelerating its green transformation initiatives. The state-owned company, which controls over 70% of global phosphate rock reserves and holds 31% market […]
The European Bank for Reconstruction and Development (EBRD) will contribute €65 million to fund projects aimed at expanding the capacity and optimizing the operations of the multipurpose terminals of the ports of Casablanca and Jorf Lasfar. The financing agreement was signed by EBRD President Odile Renaud-Basso and Managing director of Morocco’s port management company, Marsa […]
OCP has signed a €80 million deal with Finland’s Outotec to build a sulphuric acid plant, an investment that comes only few days after the Moroccan phosphates exporter signed a €255 million agreement with Spain’s Intecsa to build two similar plants. The new plants will help OCP maintain leadership in the phosphates-based fertilizers market especially […]
Morocco’s phosphates and fertilizer producer OCP and Spain’s ACS industrial group signed an agreement to build two phosphorus factories for a total cost of 2.7 billion dirhams. The factories will be built in the OCP’s industrial hub of Jorf Lasfar with a production capacity of 5000 tons per day. The two factories will be the […]
A draft bill has been elaborated by the Moroccan government to back up its liquefied natural gas projects, as the north African Kingdom aims to bring the share of LNG to 13% of its energy mix by 2025. The draft bill sets the guidelines for establishing a tariff system for a natural gas market that […]
Is the US seeking to tap into Morocco’s natural gas projects? This question rose to the fore after media reports said that chief of the US Environmental Protection Agency (EPA) Scott Pruitt is in Morocco this week to “update” environmental cooperation under the US-Morocco Free Trade Agreement to include an option to supply the Kingdom […]
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’s state-owned phosphates company (known by its French acronym OCP) will invest 2 billion dirhams in a water desalination plant in the Atlantic city of El Jadida. Part of the OCP’s environmental strategy, the new plant will have a capacity of 75 million cubic meters per year as of 2020, its projected date of completion, […]
Qatar has widened the gap with its competitors over the supply of Liquified Natural Gas (LNG) to Morocco after the Kingdom’s government council adopted a memorandum of understanding in this regards. The memorandum of understanding, signed during the 6th High Joint Moroccan-Qatari Commission in Doha last April, provides for bilateral cooperation in the fields of […]
Morocco’s Phosphates group, OCP, is about to complete the construction of a fertilizer plant in Jorf Lasfar (110 km south of Casablanca) whose entire output will be destined to the African market. The plant, costing about $ 600 million, is expected to produce one million tons of fertilizers per year that will be wholly exported […]