Chariot company announced that it has signed a Memorandum of Understanding (MoU) with its partner Office National des Hydrocarbures et des Mines (ONHYM) and Morocco’s Ministry of Industry, Trade and Green and Digital Economy for a gas development project expected to induce a spurt in the Moroccan gas market, a press release stated.

According to the terms of the MoU, the Ministry will support the Anchois Gas Development to enhance job creation and regional integration through the development of strategic infrastructure and to help the Moroccan industrial sector to lead a clean and competitive energy for consumption.

In this regard, Moulay Hafid Elalamy, Minister of Industry, Trade and Green and Digital Economy, commented “We continue to support the development of domestic gas prospects to accompany the fast-growing industrial sector in Morocco and contribute to its global competitiveness by providing a cheap, clean and reliable source of energy.”

Meanwhile, Amina Benkhadra, General Director Office National des Hydrocarbures et des Mines said “We are pleased to have signed this MOU with the Ministry of Industry and Chariot in line with ONHYM’s Mission and Strategy where we look to attract investment from the private sector to accelerate the development of resources in Morocco. We look forward to working further with our partner Chariot and assisting them with the advancement of the Lixus Offshore Licence.”