Morocco

Morocco Oil Refiner Plans Capital Increase to End Crisis

Morocco oil refiner Samir informed it was planning a capital increase of $1.04b in an effort to end the company's financial difficulties. As Morocco's only refinery, its closure would make the country entirely relian ...

Sound Oil in Talks to Buy Stake in Mahgreb’s Subsidiary

Maghreb Petroleum Exploration has awarded Sound Oil a two month period of exclusivity to negotiate and complete the acquisition of a subsidiary of Maghreb which holds a 25% carried working interest in the Sidi Moktar ...

Morocco Introduces New Legal Framework for Renewables

The Moroccan renewable energy sector has a new legal framework that finally will allow producers to sell surplus electricity to establishments connected to the high voltage or very high voltage grid of ONEE, the stat ...

Morocco Shuts Down Country’s Only Refinery

Morocco's only refinery is due to be shut down, announced Al Arabiya recently.

Sound Oil to Acquire Offshore Moroccan License

Sound Oil PLC Monday said it has been granted a 30-day exclusivity period to potentially acquire a stake on the Tendrara licence onshore Morocco, and said it has made progress on drilling the second Nervesa well in I ...

Morocco Refiner Samir Gets $319 Million on Loans

Morocco's sole oil refiner Samir said on Monday it had obtained 3.1 billion dirham ($319 million) of loans via an agreement with Banque Centrale Populaire (BCP), one of the country's three biggest lenders.

Total to Raise Millions in Initial Public Share Offer in Morocco

Total Maroc (IPO-TOMAR.CS), owned by France's Total, plans to raise between 612 million dirhams and 720 million dirhams ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a state ...

Woodside Backs Out of Rabat Licence Operatorship Offshore Morocco

Woodside Petroleum has elected not to take operatorship and fund the drilling of an exploration well in return for an additional 25% equity stake in the Rabat Deep Offshore permit in Morocco.

Morocco Seeks Energy Investment in Dubai

Morocco is on the hunt for fresh investment from the UAE to help develop its power generation sector, hoping for US$20 billion in deals over the next five years.

Morocco to Lessen Reliance on Imported Energy

Visiting the beautiful country of Morocco for the first time made me wonder how this country of 33 million people, 447,000 square kilometers in area and $104 billion (Dh382 billion) in gross domestic product is manag ...

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