Africa's largest oil field in Morocco?
June 6, 2012
The largest oilfield in Africa is according the Australian Pura Vida been discovered in the basin of Mazagan, off the coast of El Jadida, who holds a prospecting license.
According to Pura Vida Energy, the basin contains 30 billion barrels of crude oil, making it the largest oilfield in Africa .
The oil would extend from the coast to Essaouira till Chtouka almost 7000 km ². The oil reserves in the offshore basin of Mazagan in El Jadida, have recently been estimated at 3.2 billion barrels.
If the figures of the companies are correct, then Morocco will soon become an oil exporter. Despite this, the parlement of Morocco, where the price of gasoline has just been increased, wants to reduce oil dependency by 2020 by investing in renewable energy.
The Moroccans, who still haven forget the false announcement of an oil discovery in Talsint a decade , react skeptically.