Ongoing talks to reduce the global supply of oil in an attempt to raise prices have so far yielded only preliminary agreements, with Saudi Arabia and other major oil-producing nations historically unwilling to reduce their exports. However, with oil prices falling from $115 per barrel for Brent crude in June 2014 to a low of $28.50 in late...
In December 2015 Saudi Arabia launched a five-year energy subsidy reform plan aimed at reducing government expenditure and making the Kingdom more energy efficient at a time when revenues have been hit by low oil prices. With the Kingdom relying on oil for an estimated 73% of government revenues, maintaining the existing subsidy framework...
The drop in the price of oil since mid-2014 has had a significant impact on Saudi Arabia, which relies on oil for the vast majority of its fiscal revenue – 73% by some estimates – and for around 40% of its GDP. While global demand remains high, the increasing supply of oil on the international market, much of which is coming from Russia, US...
With an installed capacity of approximately 800 MW in 2015, Morocco represents the third-largest African market for wind energy behind South Africa (1053 MW) and Egypt (810 MW). As part of Morocco’s ambition to attain 42% of its electricity needs from renewable energy sources by 2020, in recent years authorities have accelerated the...
With an installed capacity of about 1770 MW, hydro-power plays a key role in Morocco’s energy mix, contributing 22% of its power generation. The implementation of the energy development strategy in 2008 has led to a modest but progressive increase in capacity. This will continue through 2020 under the framework of public-private partnerships...
In 2009 Morocco launched its solar plan as part of its ambitions to generate 42% of its energy from renewables by 2020, with 14% coming from solar. The first outcome of this plan was the completion of Noor I, the world’s largest solar energy project, in Ouarzazate in February 2016. Authorities are now looking to build on this success and...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×