San Leon Energy Finds Gas Onshore Morocco
Oil Review Africa North Africa-focused explorer San Leon Energy has announced the discovery of gas at Tarfaya Block onshore Morocco. The well Laayoune-4 was drilled with Entrepose Drilling’s Cabot 750 rig, targeting Tertiary channel sandstones and with an expected...
Octopus Demand Up In Japan
Undercurrentnews Minato-Tsukiji By Akiyoshi Ukida, Minato-Tsukiji.com As the weaker Japanese currency pushes up Japan’s market price of frozen fish imported from abroad, the demands of steamed or cooked octopus are increasing steadily thanks to moderate pricing. Even...
Moroccan Housebuilder Addoha’s Profit Rises, Debt Falls
Reuters Middle East by Aziz El Yaakoubi Addoha, Morocco's biggest property developer by market value, reported a 1 percent rise in first-half net profit as it cut debt and bolstered its cashflow. The company said it made a net profit of 614 million Moroccan dirham...
Morocco Aims High With LNG And Power Plans
Interfax Energy The Moroccan government plans to award a single contract for its integrated LNG and gas-to-power project, but financing a project of this size in Morocco will be far from straightforward. The giant project, first mooted in late 2014, aims to meet the...
Dutch Reach Deal To Cut Widows’ Benefits In Morocco
DutchNews.nl Social affairs minister Lodewijk Asscher has finally reached agreement with the Moroccan government on cutting widows’ and orphans’ benefits paid to relatives living in Morocco. In addition, Moroccan nationals living in the Netherlands will no longer get...
Stockholm’s New Stand On Western Sahara, A Meddling In The UN Peace Process & A Geopolitical Threat
North African Post Posted by Sabah Lebbar Sweden’s plans to recognize the self-proclaimed Sahrawi Republic has sparked widespread anger in Morocco where the Islamist-led government and all political parties denounced Stockholm’s political hostile move. All Moroccan...
Western Sahara : What Is Behind Lamamra’s Restlessness?
Polisario Confidential by Khalid Ibrahim Khaled Coordination meetings have gathered, on the eve of the UN General Assembly, officers of the Algerian military intelligence services (DRS) and leaders of the Polisario separatist Front. According to an informed source...
JSMC Nets $358M Contract From Morocco
Limaohio.com Danae King An M-1A2 Abrams tank performs a demonstration during an event at the Joint Systems Manufacturing Center in this file photo. After a few years of waiting, the U.S. Army’s patience with Morocco seems to have paid off for Lima’s Joint Systems...
Morocco’s First Private Wind Farm Project Nears Financing Close
SeeNews Renewables by Mariyana Yaneva Moroccan commercial bank BMCE Bank is lining up MAD 1.2 billion (USD 124 m/EUR 110m) to support the development of the 120 MW Khalladi wind farm. A high-ranking official at BMCE Bank told Moroccan daily Matin Eco that the flagship...
EIB Mobilises Substantial Resources (EUR 75m loan) To Modernise Water And Sanitation Networks In Morocco
Star Africa PR Newswire The aim of the EUR 75m finance contract signed this Monday, 28 September 2015, between the European Investment Bank (EIB) and the Office National de l'électricité et de l'eau potable (ONEE) is to increase the capacity of the water production...