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.
In Morocco, a bill on indexing fluctuations in the price of diesel on the rate of services will have to be drawn up and introduced in Parliament. In this regard, a meeting is scheduled this week between the Minister of Transport and the professionals.
Faced with the rise in world prices, particularly for oil, gas and food, the Moroccan economy is being put to the test. The government will have to review its priorities to get the kingdom out of the impasse.
The Israeli company NewMed Energy is seeking to obtain licenses from the Moroccan authorities to explore gas and oil in the kingdom.
In Morocco, the prices of the various fuels at the pump soared on Friday, February 4, 2022. This upward trend is expected to continue in the coming weeks due to the surge in Brent prices on the international market.
Several international companies specializing in oil and gas exploration confirm that the Moroccan subsoil is rich in natural gas. This is evidenced by the discovery of Sound Energy, the largest ever made in Morocco.
Will Spain be able to cope with a disruption in gas supply from Algeria? This is what the deputies of the Congress want to know, and they have addressed a series of questions to the government on this subject.
The Israeli company Ratio Petroleum will explore potential offshore oil and gas deposits for the Dakhla Atlantic block. In this regard, it has signed an agreement with the National Office of Hydrocarbons and Mines (ONHYM).
Amina Benkhadra, Director General of the National Office of Hydrocarbons and Mines (ONHYM) confirmed the presence of oil deposits in several areas off Rabat-Salé, Essaouira, Agadir, Tarfaya and Boujdour, calling on explorers to continue their efforts and especially to drill wells. The potential resources are estimated by Europa Oil&Gaz at 2 billion barrels.
Morocco’s energy bill has dropped considerably in 2020. This emerges from the annual report on foreign trade for the year 2020, carried out by the Office des Changes .
Fuel prices at the pump experienced a slight increase this Saturday, unlike diesel, whose price remains unchanged, announce professionals in the sector.
For the month of February 2021, the producer price index for the "Manufacturing industries excluding petroleum refining" sector increased by 0.3%. This is according to information published by the High Commission for Planning (HCP).