Oil And Gas

February 6, 2023

Russia To Boost Diesel Exports to Morocco in February Amid Europe Embargo

Rabat - Russia is set to boost its diesel exports this month despite the EU’s embargo on Russian energy products.

The European Union was historical Russia's largest client. However, since the start of"...

January 30, 2023

Europe Eyes Morocco, Africa as ‘Future Source of Cheap, Sustainable’ Energy-

Rabat - Europe is eyeing Africa as a future “source of cheap and sustainable energy,” as studies increasingly point out Morocco, as “the nearest,” and “cheapest” source of green hydrogen, a green fuel that has the potential to replace oil.

According"...

January 24, 2023

Morocco’s Finance Minister: Gas Subsidies Reached $2.1 Billion in 2022

Rabat - Morocco’s subsidies for cooking gas reached a staggering MAD 22 billion ($1.2 billion) at the end of 2022, Morocco’s Finance and Economy Minister, Nadia Fettah Alaoui, said on Monday.

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January 23, 2023

Morocco’s Green Energy Production Capacity ‘Can Decarbonize’ European Economy

Rabat - Morocco has the potential to decarbonize the European economy, Morocco's Delegate-Minister of Investment, Convergence and the Evaluation of Public Policies Mohcine Jazouli said.

Speaking"...

January 20, 2023

Nizar Baraka: ‘Marrakech-Fez-Meknes Highway Project is of Utmost Importance’-

Rabat - Minister of Equipment and Water Nizar Baraka has said that Morocco has 1,800 kilometers of highway, which improves connectivity between regions and plays an important role in the country’s socio-economic development.

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January 19, 2023

TotalEnergies Marketing Maroc Reports 40% Drop In Net Income

Rabat - TotalEnergies Marketing Maroc's profit margins fell sharply following high international oil prices, which caused the company's net income to drop by 40%. The energy company formerly known as Total Maroc made the announcement in a press release shared on January 17. “High international petroleum product prices resulted in a significant decline in profit margins, which led to a sharp drop in net income for 2022, which we estimate at approximately 40% compared to 2021,” reads the company’s press release.......

January 19, 2023

Morocco’s House of Councilors Approves Bill on Self-Production of Electrical Energy

Rabat - Morocco’s House of Councilors has approved Bill No. 82.21 relating to a project for the self-production of electrical energy. The project aims to ensure the self-production of electrical energy for individual consumption while promoting the development of renewable energy"...

January 11, 2023

The EU Chooses to Extend Green Energy Deal With Morocco

Rabat - The EU chose Morocco for its green energy deal back in October 2022 as the European Commission recognized Morocco’s potential in the renewable energy sector.

Following the successful start of the"...

January 2, 2023

Morocco’s Trade Deficit Soars By 57% Amid Lingering Energy, Food Price Shock

Rabat - Morocco’s trade deficit soared by nearly 57% at the end of November 2022, triggered by the lingering price shock within the energy and food markets. Trade deficit, which reflects a country’s ability to continue importing products it needs without draining its foreign currency reserves, has been climbing to record heights in Morocco throughout this year. The rise trade deficit reflects the fact that the monetary value of the country’s imports is disproportionately higher than its exports, meaning that the country......

December 27, 2022

2022: Underwhelming Year for Nigeria’s Oil, Gas Industry

Marked by huge challenges, the outgoing year was one in which the oil and gas industry in Nigeria failed to impress on all fronts…well, almost, writes Emmanuel Addeh.

Not even in 2020, regarded as the Covid-19"...