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Keywords: Energy
Chariot Limited, a prominent energy firm focused on Africa, has embarked on a significant drilling operation at its Anchois gas project situated off the Moroccan coast. The arrival of the Stena Forth drillship marks the commencement of this high-stakes venture. The operation at the Anchois-3 well is......
In a landmark decision poised to reshape the global renewable energy landscape, Australia has granted environmental approval for an ambitious $19 billion solar power project aimed at exporting electricity to Singapore. The Australia-Asia Power Link, a visionary endeavor by SunCable, is set to become......
In a strategic move to address Morocco's pressing water scarcity, Energy Recovery, a US-based innovator in energy-efficient technologies, has secured $27.5 million in contracts for new desalination projects. These initiatives align with Morocco's ambitious plans to source half of its drinking......
A recent report by international law firm Giambrone & Partners highlights Morocco as an attractive destination for foreign investors due to its political stability, strategic location, and business-friendly policies. Key Sectors for Investment 1. Renewable Energy - Significant investments......
China Baoan and its subsidiary Betrui have unveiled a substantial $370 million investment in Tanger Science and Technology City, aimed at producing 60,000 tons of anode material annually. This development strengthens Morocco's foothold in the global lithium battery market. Building on Betrui’s......
In a concerning development, Ukraine and Russia have exchanged accusations following a fire outbreak at the Zaporizhzhia nuclear power plant on Sunday. This incident has further heightened tensions in the region, which are already strained by recent Ukrainian military advancements into Russian territory. Ukrainian......
In 2023, Morocco experienced a notable 20.4% decrease in energy product imports, totaling MAD 122 billion, as reported by the Office des Changes. The decline was primarily driven by reduced imports of diesel and fuel oil, which made up the majority of the decrease. The country's foreign trade report......
In a significant move to commemorate the 25th anniversary of King Mohammed VI's reign, Bank Al-Maghrib has introduced a new 50 dirham banknote that underscores Morocco's dedication to sustainable development. This fresh currency, infused with striking illustrations, reflects the nation's......
In a landmark development, Morocco and the United Arab Emirates (UAE) have concluded negotiations for a comprehensive economic partnership agreement (CEPA), setting the stage for a new era of bilateral economic cooperation. Officials announced the finalization of the agreement's provisions on Monday,......
