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Petroleum / Mining in Morocco

  • Africa rejects Europe's 'dirty diesel'

    BOTSWANA, 2017/05/04 Ghana and Nigeria are the first countries to respond to reports of European companies exploiting weak fuel standards in Africa. Stricter limits on the sulfur content of diesel will come into force on July 1. Governments in West Africa are taking action to stop the import of fuel with dangerously high levels of sulfur and other toxins. Much of the so-called "dirty diesel" originates in Europe, according to a report published by Public Eye, a Swiss NGO, last year. The report exposed what Public Eye calls the "illegitimate business" of European oil companies and commodities traders selling low quality fuel to Africa. While European standards prohibit the use of diesel with a sulfur content higher than 10 parts per million (ppm), diesel with as much as 3,000 ppm is regularly exported to Africa.
  • Beyond Commodities: How African Multinationals Are Transforming

    BOTSWANA, 2016/05/11 Oil, gold, diamonds, palm oil, cocoa, timber: raw materials have long been linked to Africa in a lot of businesspeople’s minds. And in fact the continent is highly dependent on commodities: they constitute as much as 95% of some nations’ export revenues, according to the United Nations Conference on Trade and Development. But propping a country’s entire economy on commodities is risky business, like building a mountainside home on stilts. You can’t be sure about the weather, or in this case the commodities market. The current free-fall of oil prices to less than $40 a barrel is a glaring example. “The commodities cycle has tanked out,” says Austin Okere, founder of Computer Warehouse Group (CWG), a Nigerian emerging multinational financial services company. “And this time it looks additional structural than cyclical, so it’s not a matter of waiting it out. Something has to give.”
  • Oil explorers hang onto Morocco energy potential

    CASABLANCA, 2015/04/05 Morocco has seen an uptick in both onshore and offshore drilling activity in 2014 as international oil firms, inclunding majors Chevron and BP, work to assess Morocco’s potential for oil and gas production – with some encouraging results. While explorers have from presently on to announce major, commercially-viable offshore discoveries, improved technologies are helping to identify resources in before overlooked areas along the Atlantic margin, a zone that has produced promising finds in Ghana and Brazil in recent years. Initial drilling in 2014 has turned up a handful of interesting prospects, and additional exploration plans in 2015-2016 are expected to clarify the resource picture.
  • U.S. and Moroccan executives meet to discuss strengthening private sector ties between the two nations

    UNITED STATES, 2014/03/18 Even as U.S. and Moroccan executives meet to discuss strengthening private sector ties between the two nations, advocacy groups are raising concerns about plans by a U.S. energy firm to explore for oil in the contested territory known as Western Sahara. Government and business leaders from the United States and Morocco are gathering in Rabat this week for the second annual Morocco-U.S. Business Development Conference. The Moroccan government hopes to capitalise on its 2006 free trade agreement with the United States and encourage U.S. investment in the country by presenting it as a gateway to European, Middle Eastern and African markets. "There's a lot going on in Morocco, and the question is how can it leverage what it has to attract American investments to Morocco that can again be directed to a European market or south to the African markets," Jean AbiNader, the executive director of the Moroccan American Trade and Investment Centre, a non-profit established by Morocco's King Mohammed VI, told IPS.
  • The Cherifian Office for Phosphates (OCP)

    MOROCCO, 2013/05/21 Phosphates exports plummeted considerably according to the National Office for Exchange. A drop by 30% was recorded during last month of the current year 2013. Sources close to the Cherifian Office for Phosphates (OCP) asserted that the steep drop in Phosphates exports was not totally unexpected.
  • Longreach Oil & Gas has attractive leverage to very large resources

    MOROCCO, 2013/01/23 Morocco focussed explorer Longreach Oil & Gas (CVE:LOI) provides investors with attractive pure-play leverage to very large potential resources, according to Canadian stockbroker Cormark Securities.Cormark analyst Garett Ursu says, in a note, that multiple wells planned this year have the potential to ‘drastically alter’ the company’s profile.
  • Morocco's Office National Des Hydrocarbures Et Des Mines

    MOROCCO, 2013/01/23 The oil and gas company has signed the agreements with Morocco's Office National Des Hydrocarbures Et Des Mines which, once awarded, will allow Chevron to acquire seismic data and conduct studies in deepwater areas known as Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep located between 60 miles and 120 miles west and northwest of Agadir, Morocco. The areas encompass about 11,300 square miles with average water depths ranging from between 330 feet to 14,700 feet.
  • Global gas consumption to increase by 4% in 2013

    BOTSWANA, 2012/12/25 World gas request is projected to reach 3,460.7 billion cubic meters (bcm) in 2013, constituting an increase of 3.6% from 3,341.4 bcm in 2012. North America's gas consumption is estimate to reach 890.3 bcm in 2013, equivalent to 25.7% of world request. It would be followed by Asia & Australia with 720.8 bcm (20.8%), Eastern Europe & the Commonwealth of Independent States with 587.4 bcm (17%), Western Europe with 533 bcm (15.4%), the Middle East with 445.7 bcm (12.9%),
  • Investing in oil and gas 2012-10-20

    MOROCCO, 2012/10/20 更多     Morocco: Investing in oil and gas