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    Prospectors Assure Oil Presence in Eastern Morocco

    10 Jul 2018

    At least two towns in eastern Morocco have large oil deposits, according to the report of a British prospecting company published here today.

    The deposits are located in the areas of Anoual and Tendrara, pointed out a report of the Sound Energy company, whose spokesmen announced the sale plan of about 30 million shares to collect funds for the drilling of wells, an activity that requires huge financial resources.

    Several international companies have agreements with the Moroccan monarchy for the prospecting of oil deposits in several areas of the country, including the giant SDX Energy, focused on the search and exploitation of pockets of natural gas.

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