
Morocco Invests $27 Million in Oil Exploration, Expands Search Efforts
Through the Moroccan National Office of Hydrocarbons (ONHYM), Morocco has invested 275 million dirhams (25 million euros) in oil exploration between January and September.

Through the Moroccan National Office of Hydrocarbons (ONHYM), Morocco has invested 275 million dirhams (25 million euros) in oil exploration between January and September.

The oil exploration company Genel Energy and the National Office of Hydrocarbons and Mines (ONHYM) are joining forces to exploit the Lagzira permit.

Discussions between the British gas exploration company Sound Energy and Attijariwafa Bank regarding the loan financing of the Tendrara (Morocco) gas project are making significant progress.

The National Office of Hydrocarbons and Mines (ONHYM) and the oil company SDX Energy sent, on July 18, to the Ministry of Mines, an application for a concession concerning the exploitation of natural gas.

The Anchois gas resources have far exceeded the estimates, according to the results of the certification. Chariot company will start the exploitation of the well, while continuing the exploration and accelerating the procedures for the commercialization of the gas on the Moroccan market as a priority.

Amina Benkhadra, Director General of the National Office of Hydrocarbons and Mines of Morocco (ONHYM), recently spoke about the progress of the Morocco - Nigeria gas pipeline project, stating that the studies are advancing in "very good conditions."

Over the years, Morocco has discovered numerous gas deposits located right next to pipelines and a large network of industrial units to the point of having a strong natural gas potential.

Sound Energy announced on Tuesday that it has concluded an agreement with the National Office of Hydrocarbons and Mines (ONHYM) for the connection to the Maghreb-Europe gas pipeline (GME).

Morocco is seriously considering exploiting its cobalt reserves in order to launch the manufacture of rechargeable batteries. The information was given to the news agency Reuters by a senior official of the National Office of Hydrocarbons and Mines (ONHYM).

The British exploration company Chariot Oil & Gas has announced the end of drilling operations in the Anchois gas field off Larache . A "successful" step, according to management.

Four new exploration permits have been granted to the Canadian gold company Stellar AfricaGold Inc. near the area where it had recently discovered gold in Tichka Est.

The production of natural gas discovered off the coast of Larache will start around late 2024, according to the National Office of Hydrocarbons and Mines (ONHYM). Located in the Lixus permit, the Anchois 2 well presents, it is said, "encouraging results".