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Akwa and Chevron strengthen their alliance in Morocco

The Moroccan leader Akwa Group and the American giant have decided to consolidate their partnership in the Moroccan lubricants market. And on this subject, a conference will be organized next Wednesday, November 27, 2019, in Casablanca. An opportunity for the management of both groups to unveil the ins and outs …

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Sound Energy approves environmental impact study

Sound Energy has announced the approval of the environmental impact study for a 2D seismic acquisition program within the limits of Sidi Moktar permits (Chichaoua and Essaouira). The study concerns an area of 4,712 square kilometers encompassing 25 municipalities in the province of Essaouira and 11 municipalities in the province …

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New change in fuel prices

Fuel prices in Morocco experienced further changes during the second half of 2019. This situation is explained by fluctuations in the price of world oil prices. In a statement, Jamal Zrikem, president of the National Federation of Service Station Owners and Managers (FGNPS) said that for the time being, the …

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Sound energy in agreement with ONEE on natural gas

Sound Energy Morocco East Limited signed a protocol on Tuesday in Rabat with the National Office of Electricity and Drinking Water (ONEE) for the sale of natural gas from the Tendrara concession. This agreement covers the main terms and conditions of Sound Energy’s natural gas sales agreement with the Board …

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SDX Energy launches new drilling

The British oil and gas company has just started a new 12-well drilling campaign, targeting about 15 billion cubic feet of untapped raw potential resources in the Gharb. These new operations will initially involve 7 wells in the main productive concessions of the company, in Sebou and the center of …

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Fuels: A drop in prices in Morocco

Significant changes have been seen in Morocco’s hydrocarbons since Tuesday. Prices have indeed dropped, after successive increases they had recorded. Thus, the price of a liter of petrol fell by 9 cents, while that of diesel dropped by 29 cents. This measure of lower fuel prices, taken in mid-October, is …

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OPEC: Ecuador announces withdrawal

The Ecuadorian Ministry of Energy and Non-renewable Natural Resources announced that Quito intends to leave the Organization of the Petroleum Exporting Countries (OPEC) next January due to financial difficulties facing the country. “This decision is linked to internal issues and challenges that the country must address in relation to fiscal …

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