Morocco | Egypt Oil & Gas - Part 9
Sound Energy to Acquire 55% of Meridja Permit in Morocco
Sound Energy, the Mediterranean and European focused upstream gas company signed a binding agreement with Oil & Gas Investment Fund S.A.S (OGIF), which allows it to acquire a 55% interest of OGIF’s 75% stake...
Qatar Purchases Stake in Morocco Offhore Contracts
The Qatari state oil company, Qatar Petroleum, has reached a deal with Chevron to acquire 30% of its stake in offshore drilling areas in Morocco. Chevron will hold onto a 45% interest in the offshore leases, while Mor...
Morocco Switchs on First Phase of World’s Largest Solar Plant
King Mohammed VI inaugurated Morocco’s first solar power plant on February 4th. The massive project is part of the country’s goal of boosting clean energy output. The power plant will be located on the ed...
Renewables Account for 35% of Morocco’s Energy Mix
Morocco’s government officials announced country’s progress on its way to expand the renewable sector, as already 35% of its energy mix currently comes from green resources. The north African nation aims t...
Sound Energy Takes Majority Share of Morocco Gas Field
Sound Energy has agreed to buy 75% of stakes in the Sidi Moktar onshore gas field in Morocco, Proactive Investors reported. Sound will purchase 50% of the operated interest now owned by PetroMaroc, after having acquir...
Morocco Sets Wind Energy Cost Record
Morocco’s recent bid round for 850MW of large-scale wind energy projects may have set the record for lowest production costs at an average of $30/MWh, Clean Technica reports. Some bids were as low as $25/MWh. The pric...
Morocco to Invest $9b in Solar Power by 2020
Morocco expects to invest $9b in solar energy by 2020, reports Trade Arabia. The Moroccan Agency for Solar Energy (MASEN) hopes to rapidly expand production in renewables – to reach 52% of Morocco’s energy needs by 20...
Morocco Seeking Bids for 400MW Solar Plant
Morocco’s agency for solar energy, Masen, has launched a tender for bids to build a 400MW solar power plant, Trade Arabia reports. The bids are expected to begin on February 1st for the development of the first phase ...
