How has the drop in oil prices affected exploration?
Morocco Energy
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Interviews & Viewpoints | Stephen Jenkins, Chairman, Circle Oil: Interview from The Report: Morocco 2015
Chapter | Energy & Environment from The Report: Morocco 2015
As the only country in North Africa without commercially relevant oil or gas reserves, Morocco relies heavily on foreign energy imports to meet domestic demand. To counter this dependence, the government has embarked on a range of reforms to boost renewable energy sources. These efforts are concentrated around solar, wind and hydroelectricity, which together are expected to comprise 42% of the...
Chapter | Industry & Mining from The Report: Morocco 2015
Signs of recovery have lately emerged in Morocco’s industrial sector, which has been affected by a slowdown in trade in recent years – growth in value-added processing (excluding oil and refining) rose from 0.8% in 2013 to 1.8% in 2014. While subsectors like aeronautics and automotive have made big strides over the past decade, others like textiles and pharmaceuticals have lagged behind,...
Benefitting from strong ties to both Europe and the Arab world, Morocco has the right ingredients for future growth: low inflation, political stability, an industrial base and a favourable climate. With the outlook improving for Morocco’s trade partners and the lower price of oil – of which the country is a net importer – most observers expect growth to be even stronger in 2015, with estimates ranging from 4.4% to 5.0%.
Economic update | Les explorateurs pétroliers continuent de croire au potentiel énergétique du Maroc
4 Dec 2014
Le Maroc a enregistré en 2014 une hausse des activités de forage, aussi bien en onshore qu’en offshore : en effet, plusieurs compagnies pétrolières internationales, parmi lesquelles les géants Chevron et BP, cherchent actuellement à évaluer le potentiel de production pétrolière et gazière du royaume – avec des résultats encourageants.
Economic update | Maroc : Les financements étrangers donnent un coup de pouce aux projets énergétiques
21 Nov 2014
Cet automne, le gouvernement du Maroc est parvenu à obtenir une enveloppe de 3.4 milliards de dollars auprès d’investisseurs étrangers afin de financer d’ambitieux projets énergétiques. Ces derniers visent à la fois à satisfaire la demande croissante en électricité au sein du royaume et à exporter, à long terme, des énergies renouvelables excédentaires vers l’Europe.