The measure to suspend the state subsidy on butane gas came into effect this Monday, May 20, resulting in an increase in the prices of this product. A rise that will undoubtedly be reflected in the prices of other mass consumer products.
The price of butane gas in Morocco will increase from this Monday, May 20, 2024, following the government’s decision to partially decompensate the subsidy granted to this product. This measure aims, it is said, to rationalize public spending and finance the direct social assistance program, intended for the poorest households.
The British oil and gas company Chariot, also a transitional energy group focused on Africa and listed on the London Stock Exchange’s Alternative Investment Market (AIM), has started drilling operations on the RZK-1 well on the Gaufrette prospect.
The British company SDX announced on Monday the start of production of the KSR-21 gas well located near Kenitra, stating that it had obtained all the necessary authorizations from the government for this purpose.
While the idea of a gradual increase in the price of butane gas bottles in Morocco is stirring minds, the government is reassuring, but remains rather vague.
Morocco is working to develop renewable energies to ensure its energy independence. The authorities of the kingdom have planned an ambitious plan to build oil and gas pipelines to achieve this goal by 2030.
To strengthen its gas infrastructure, Morocco aims to create liquefied natural gas (LNG) regasification and storage plants in the port of Nador, as well as a pipeline that will be connected to the Maghreb-Europe pipeline.
The information that the price of gas bottles (butane) will increase in Morocco from this Monday is not verified.
In Morocco, the increase in the price of the butane gas bottle is about to be enacted. The head of government Aziz Akhannouch recently made an announcement to this effect in Parliament.
In Morocco, the British company specializing in gas exploration, Chariot Oil & Gas, is active in the commercialization of its natural gas extracted from the exploration wells of the Anchois and Loukkos gas fields in the Gharb basin.
In Morocco, the British company specializing in gas exploration, Chariot Oil & Gas, will be able to realize its ambitions for 2024.
The oil and gas company Predator Oil & Gas, holder of the onshore oil and gas exploration license in northeastern Morocco, is initiating the first stage of the process focused on the evaluation of specific sands within the broader Ma and TGB 2 intervals in MOU-1 and MOU-3.