Oil Review
The US Department of State hosted the second US-Morocco Strategic Energy Working Group meeting in Washington, D.C. on 19 April 2018, focusing on the recent developments in the Moroccan energy sector.
Sandra Oudkirk, deputy assistant secretary of State for Energy Diplomacy, and Amina Benkhadra, director general of National Bureau of Petroleum and Mines for Morocco, led the discussions.
The meeting discussed the opportunities and recent developments in the Moroccan energy sector including hydrocarbons exploration, renewables deployment and energy efficiency. In addition, it also focused on on-going Department of State and Commerce initiatives in Morocco, areas for collaboration including natural gas, energy efficiency and renewables and private sector investment opportunities in the energy field in the North Africa nation.
With Morocco seeing a rapid rise in energy demand, the country is working to attract the US investment to help meet the needs of its growing economy. The US has also agreed to help in meeting the rising energy demand in Morocco.
This event exemplified the US-Morocco bilateral relationship and the significant strides the countries have made in energy sector collaboration over the last few years.
Exploring the hidden energy wealth is one of the major priority areas of Morocco to meet the energy demand in the North African nation. To achieve this, Morocco is urging the international energy players to invest in the country’s energy fields. Following this, London-based SDX Energy has discovered a natural gas well in Morocco, which aims to produce 10bn scf of natural gas and 55 mbl of condensate.
