Predator Oil & Gas is preparing to launch the drilling of the Mou-5 well in the Guercif license. This exploration will help ensure the presence of natural gas in the Moroccan subsoil.
Fouzi Lekjaa, Minister Delegate to the Minister of Economy and Finance, in charge of the Budget, rules out, for the time being, an increase in the price of butane gas.
Despite global fluctuations, fuel distributors in Morocco are inflating their profits. This is annoying El Houssine Yamani, secretary general of the national union of oil and gas industries under the CDT, who is calling for a overhaul of the oil regulatory framework.
The Ministry of Energy Transition has transmitted to the General Secretariat of the Government a draft law aimed at regulating the natural gas sector in Morocco.
A Chinese steel giant is showing interest in the African-Atlantic Gas Pipeline that is to connect West Africa to Europe via Morocco.
Bad news for consumers. In Morocco, the price of butane gas will rise again this year.
The liberalization of butane gas prices continues in Morocco, not without worrying the most vulnerable households. After a first increase in May 2024, which brought the price of the 12 kg bottle to 50 dirhams, a new increase of 10 dirhams is to be expected.
The density of drilling carried out in Morocco has reached only four wells per 10,000 square kilometers, compared to the global average of 1,000 wells for the same area. This is revealed in an annual report by the Court of Auditors.
Morocco is preparing for a new increase in the price of butane gas. As of January 1st, the price of gas bottles could increase by 10 dirhams, going from 50 to 60 dirhams.
Moroccans consumed less gas last summer due to the rise in the price of the 12-kilo gas bottle, decided by the government, a recent report reveals.
El Houssine El Yamani, secretary general of the National Petroleum and Gas Union, a member of the Democratic Confederation of Labor, warns of the inflation threatening fuel consumers due to the rise in prices caused by Iran’s strikes on Israel.
While Moroccans are suffering from the high cost of living, fuel distributors are lining their pockets. Houssine Yamani, president of the National Front for the Safeguard of the Samir refinery, and also secretary general of the National Union of Oil and Gas, calls on the government to take its responsibilities.