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Keywords: Energy Sector


Morocco's fuel market shows resilience amid price fluctuations in Q3 2024

Morocco's fuel sector demonstrated mixed performance in the third quarter of 2024, with total fuel imports reaching 1.7 million tons valued at $1.26 billion, marking a 10.8% volume increase despite a 9.75% value decline compared to 2023. The revenue of Morocco's nine major fuel distributors......

Indian Firm KEC International Powers Up Morocco with 400-kV Grid Project

KEC International, the Indian engineering powerhouse, marked a significant milestone with the completion of its inaugural power transmission project in Morocco's Casablanca region. The 96-kilometer Chemia Sidi Bennour Transmission Line, operating at 400-kV capacity, represents a strategic enhancement......

French Minister Threatens Social Media Ban Amid Electoral Interference Concerns

France's top diplomatic official has issued a stark warning about potential social media platform restrictions in response to what he perceives as concerning interference in European political discourse. In a significant development, French Minister of European and Foreign Affairs Jean-Noël......

Morocco Allocates MAD 30 Billion to Modernize National Power Grid

Morocco is set to invest nearly MAD 30 billion in its national electricity transmission network between 2024 and 2030, marking a significant expansion of the country's power infrastructure. This investment package excludes a planned high-voltage electricity link project connecting southern and central......

Morocco's Energy Import Costs Drop 13% Amid Global Market Shifts

Morocco achieved substantial savings in its energy sector during the third quarter of 2024, with import costs for energy and lubricants decreasing by 13% compared to the same period in 2023. This reduction, reported by the country's Statistics and Forecasts Office (HCP), marks the most significant......

Sound Energy Completes Sale of Moroccan Assets to Managem for $45.2 Million

Sound Energy has completed the partial divestment of its Moroccan gas assets to Managem Group, a transaction valued at up to $45.2 million. This move is in line with Sound Energy’s strategy to unlock greater value from its energy projects in Morocco. Graham Lyon, Executive Chairman of Sound Energy,......

Morocco's INNOVX Launches ParkX: Pioneering Sustainable Industrial Parks for a Greener Future

INNOVX, a subsidiary of Mohammed VI Polytechnic University (UM6P), has unveiled its latest venture, ParkX, dedicated to the development and management of sustainable industrial parks. This innovative subsidiary aims to revolutionize the industrial landscape by incorporating circular economy principles......

Morocco's Foreign Investment Surge: A Promising Economic Turnaround

Morocco's economy has witnessed a remarkable surge in foreign investment, with a significant 46.8% increase recorded in 2024. This impressive growth has positioned the country as an attractive destination for international investors, solidifying its status as a key player in the global investment......

SDX Energy: Unveiling Morocco's Untapped Energy Potential

In a significant development for the energy sector, SDX Energy has announced its plans to embark on an ambitious exploration journey in Morocco. The company, known for its expertise in the field, is set to unlock the country's hidden energy reserves, offering a glimpse into a promising future for......