Gulf News: Morocco’s Slow March Towards Energy Sufficiency

To continue the Morocco energy story from last week, it is important to look at the oil and gas situation in the country. Morocco is less fortunate than others with its endowment, or lack of it, of oil and gas.

Its oil reserves are hardly worth a mention given estimates of a mere 1 million barrels and 1 billion cubic meters (bcm) of gas. But government policy is to invigorate exploration and three discoveries were made in recent years. The 34 companies engaged in exploration have 142 licences, including 90 for offshore.

Read the full article HERE.