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New rise in fuel prices in Morocco

Fuel prices will rise again as of July 15th. Contacted by media, the president of the National Association of Service Station Managers Jamal Zrikom said that an increase of 10 cents will affect the price of diesel while the price of gas will rise by 27 cents. In Casablanca, the …

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SDX Energy to start new operations in Q4

SDX Energy intends to launch a new drilling campaign of 12 wells in Morocco in which the British company has 75% interest. These operations aim to exploit 15 billion cubic feet of raw resources. The rig and all other key contracts have been finalized, the company said in an update …

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Oil exploration: Europa Oil & Gas awaits its permit

British company Europa Oil & Gas is looking for new opportunities in hydrocarbon exploration in the Kingdom. It began the process of obtaining an offshore exploration license on the Moroccan coast. “In Morocco, we are about to officially obtain an offshore exploration license on the Moroccan Atlantic coast and, in …

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Gas: Chariot Oil Company Optimistic for Lixus License

Chariot Oil has just published the results of the feasibility study for the exploitation of the “Anchois” gas field located on the Lixus permit near Larache. The British company considers the development of the “Anchovy field” “technically feasible”, with the possibility of exploitation in a single phase or in stages. …

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Total signs a new agreement with PowerChina

Total Marketing & Services and POWERCHINA INTERNATIONAL GROUP LIMITED signed, a preferential supply agreement aimed at expanding their partnership to a worldwide scope. Under the terms of the agreement, Total makes PowerChina and its subsidiaries “first-rate” customers with privileged services, secure product sourcing and dedicated pricing conditions. For its part, …

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Tendrara: Sound Energy could sell its portfolio

Sound Energy does not rule out selling its portfolio in the Tendrara area after another unsuccessful exploration. The British company said, in a new update on its website, that the time has come to explore the monetization options available to the company for its portfolio held in eastern Morocco. The …

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Sound Energy will not operate on the TE-10 well

Sound Energy will not operate on the TE-10 well located in the Tendrara area. The British company has announced a discovery of hydrocarbon gas at the surface, but the latter “did not reach the expected commercial flows following the tests undertaken with his partner Schlumberger”. As a result, the company …

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Change of management at SDX Energy

SDX Energy, the oil and gas exploration company operating in Morocco and Egypt, announces a change in its management. As of May 31, Paul Welch will resign as director, president and chief executive officer of the company. He will be replaced by Acting Director Mark Reid, the current CFO. In …

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Samir: Morocco must pay $ 1.5 billion to Swedish Coral

The Washington-based International Center for the Settlement of Investment Disputes (ICSID) ruled in the complaint of Sweden’s Corral, who is demanding compensation from Morocco for speeding up the closure of Samir refineries. The tanker denounces in essence a “rape of many protections” supposed to be part of a bilateral treaty …

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Fuel prices climbed again in Morocco

Fuel prices have risen again this Friday, May 17 at several service stations in Morocco. Prices should continue to climb. The price of gasoline this morning reached 10.28 dirhams while the liter of diesel costs 9.78 dirhams. It should be noted that the last increase in fuel prices was recorded …

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