The National Company of Moroccan Motorways (ADM) is accelerating its ecological transformation. Backed by a European loan of 300 million euros, the company is deploying an ambitious strategy to green its infrastructure and align with international environmental standards.
The Head of the Moroccan Government is the target of accusations of conflicts of interest. At the origin of these accusations, the Spanish loan for the project to build a seawater desalination plant in Casablanca, awarded to three companies including Afriquia Gaz, a subsidiary of the Akwa Group, owned 67% by the family of Aziz Akhannouch .
Moroccans have lost confidence in the government’s management of hydrocarbon prices, whose head Aziz Akhannouch is the main shareholder of Afriquia, a Moroccan fuel distribution company, a subsidiary of the Akwa group. They also express their dissatisfaction with the situation of the Société Anonyme Marocaine de l’Industrie du Raffinage (SAMIR).
The British company in charge of exploiting the Tendrara gas field, Sound Energy, indicates that the first revenues generated by this project should be perceived as early as 2024. The company is working closely with the National Office of Electricity and Drinking Water (ONEE) to carry out this exploitation.
Afriquia Gaz, the Moroccan leader in the distribution of liquefied petroleum gas, butane and propane, is pursuing its expansion policy. The group is preparing to acquire the Mauritanian subsidiary of the French energy group TotalEnergies .
Inflation risks starting up again this September. Fuel price increases are therefore to be feared.
After a few days of calm, fuel prices at the pump are rising again , especially for diesel, the preferred fuel of Moroccans.
The fuel distribution company Afriquia, whose boss is the head of government Aziz Akhannouch, has this time managed to escape the criticism that is usually leveled after the surge in fuel prices.
Afriquia Gaz has granted a $18 million loan to the British company Sound Energy to finance the development of the first phase of the natural gas production project in Tendrara. This loan financing runs until 2033.
Algeria, which definitively closed the gas tap to Morocco by not renewing the Maghreb-Europe gas pipeline (GME) whose contract expired on October 31, delivered liquefied petroleum gas (LPG) to Afriquia Gaz, the gas and fuel distribution company of the head of the Moroccan government, Aziz Akhannouch , through its oil company Sonatrach. The reasons.
The British company Sound Energy has signed an agreement with Afriquia gaz, the Moroccan leader in the distribution of liquefied petroleum gas, butane and propane, for the marketing of gas, for a period of 10 years.
The Moroccan Minister of Agriculture and Maritime Fisheries, Aziz Akhannouch, would occupy the 8th place in the ranking of the 15 richest people in Africa. This ranking is denied by the General Manager of the Afriquia subsidiary, Saïd El Baghdadi, who describes it as hazardous, fanciful, and not taking into account reality.