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Morocco has signed three exploration contracts with three international oil companies from Cyprus, Canada and Malaysia, MAP news agency reported.




The agreements were signed, on the sidelines of the 4th conference "Maghreb & Mediterranean Oil and Gas 2006" in Marrakech, by Amina Benkhadra, general director of the National Office of Hydrocarbons and Mines (ONHYM), with the representatives of Cabre Maroc Ltd (Cyprus), Transatlantic Maroc Ltd (Canada) and Genting Oil Morocco Ltd (Malaysia).

These bring the number of agreements signed with ONHYM in the mining sector to 17 agreements and six reconnaissance contracts in collaboration with 20 partners.

The contracts cover a total area of 237,195,40 km2, providing for four exploration concessions, 85 research permits (14 onshore and 71 offshore) and six onshore reconnaissance authorisations.

The Minister of Energy and Mining, Mohamed Boutaleb, invited on Wednesday international oil companies to benefit from morocco's potentials.

“Morocco, with its 350,000 km2 of sedimentary basins, constitutes an interesting and practically virgin zone for oil drilling,” he underlined.

“Although we are satisfied with the quality of cooperation with the oil companies operating in Morocco at present, our subsoil is still under-tapped,” he added.
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BiladAtlas

Hydrocarbon code incentives

www.onhym.com www.onhym.com
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anismail
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John vicks
Israeli Oil Giant Delek Eyeing Morocco For Offshore Drilling Venture
www.moroccoworldnews.com

Israeli Oil Giant Delek Eyeing Morocco For Offshore Drilling Venture

Israeli oil conglomerate Delek Drilling is in talks with Moroccan authorities to acquire an offshore oil and gas exploration license in the country, according to reports in the Israeli media.
www.moroccoworldnews.com www.moroccoworldnews.com
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bens othman

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bens othman
C'est le feu sur les marché ce matin, toutes les commodity et toutes les dates de maturités sont impactés.
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bens othman
le brent repasse au dessus des 100$/b, il se cote à 102$/b.
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John vicks
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John vicks
medias24.com

Gaz : Chariot révise à la hausse les perspectives des puits de Larache - Médias24

De mois en mois, la taille et la qualité des découvertes de gaz au large de Larache s'amplifient. A ce stade, ce sont des découvertes consistantes, en attendant les résultats de certification dans les prochaines semaines. Une décision d'investissement pourrait intervenir fin 2022.
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John vicks
medias24.com

Europa Oil & Gas : ce que signifie réellement l'annonce de l'opérateur britannique - Médias24

La société pétrolière Europa Oil & Gas indique, dans un récent communiqué, avoir "identifié" des "ressources sans risques dépassant 1 milliard de barils (équivalent de pétrole)". Mais elle ne précise pas s’il s’agit d’une découverte confirmée, d’un potentiel à exploiter ou d'une réserve de...
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K
www.reuters.com

Nigeria oil minister says Russia interested in gas pipeline to Morocco

Russia has expressed interest in investing in the Nigeria-Morocco gas pipeline project that has been on the cards since 2016, Nigeria's minister of state for petroleum resources said on Monday.
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www.power-technology.com

Octopus Energy invests in Morocco-UK power link via Xlinks

Octopus Energy has announced a partnership with Xlinks, the company building an interconnector between solar farms in Morocco and the UK.
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John vicks
Chariot Raises $25.5 Million For Offshore Gas project in Morocco
www.moroccoworldnews.com

Chariot Raises $25.5 Million For Offshore Gas project in Morocco

Africa-focused energy exploration company Chariot announced today that it has raised $25.5 million (MAD 257 million) to progress its flagship Anchois offshore gas project in Morocco, as well as its other renewable energy projects across Africa.
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K
www.reuters.com

Nigeria okays next step for new gas pipeline via Morocco to Europe

The construction of a new gas pipeline from Africa to Europe moved a step closer on Wednesday after Nigeria gave the go ahead to its state-oil firm NNPC to sign a memorandum of understanding with West African regional body ECOWAS.
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The-s
ledesk.ma

Sound Energy: finalisation des travaux de terrassement et d'excavation à Tendrara - Le Desk

La société gazière Sound Energy a annoncé la finalisation des travaux de terrassement et d'excavation du réservoir de stockage du GNL de Tendrara.
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The-s
Don't know if this was already posted here :

www.idom.com

FEED Gas field in Tendrara - 2 MMSCMD - IDOM

The ENAGAS/ELECNOR consortium has contracted IDOM to carry out the FEED for the treatment facilities of the Tendrara natural gas exploitation field in Northeast Morocco, for which Sound Energy Morocco East Limited (SEM) holds the operating license. This work is the result of the knowledge and...
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John vicks
www.moroccoworldnews.com

Chariot Raises $4 Million for Morocco Offshore Gas Project

Chariot Transitional Energy, the Africa-focused energy group in charge of the Anchois offshore gas project in Morocco, announced that it raised $4 million (MAD 39 million) to finance the project.
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The-s

Interesting analysis by prof. Akesbi.

Important points in the video :

1. La SAMIR was a shock absorber to rising oil prices until its mysterious "bankruptcy"...
2. the liberation of oil prices in Morocco led to thrust agreements between oil companies...
3. The competition board/council is quasi absent when it comes to oil prices in the country.
4. The lack of will of the government regarding tackling the broker system that stands between the producer and the consumer.
5. For the first time since the 70s, we are experiencing a stagflation (a stagnant economy with an increasing inflation).
6. By losing its national economic sovereignty, the state lost the capability to withstand economic crisis and we are currently paying the price.
7. Therefore, it should regain a position that enables it to regulate/control/moderate the economy for the sake of the well being of the country.
8. It should also alleviate temporarily the taxes on oil products to absorb the shock of the crisis.
9. At the same time, oil companies operating in the country should reduce temporarily the profit margin.
10. La SAMIR and the competition board should operate again, followed by a reform of the national subvention fund.
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A
A l'entendre parler de "subvention nationale à lasamir " , "reprendre le contrôle de l'économie " , "souveraineté économique " on se croirait chez les bolcheviques ....heureusement que les vieux fous comme lui ne sont pas au pouvoir
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The-s
39min40

He made a disclaimer for people who might interpret his suggestion the way you did. He said that the state should regain its power on the economy not in an old fashioned way aka the communist way but in a modern and democratic way.

Btw the hidden hand of the market is a myth. The state will eventually meddle in the economy either to regulate it or to clean the mess left by the greed of the private sector. The 2008 crisis is a great example. The gov were forced to clean the mess of the banks and who payed the price ? The people who were forced to live under austerity mesures.
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Tetouan Instruments
aeio said:
A l'entendre parler de "subvention nationale à lasamir " , "reprendre le contrôle de l'économie " , "souveraineté économique " on se croirait chez les bolcheviques ....heureusement que les vieux fous comme lui ne sont pas au pouvoir
Click to expand...
The Bolsheviks were put on mode , as a mesure to scare the hell out of the catle , so the catle can run into the hands of the Jackhal Banksters.
And the result is this Russo/Ukrain war.

STAY TUNED GUYS !!!


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