Morocco
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.
