Proactive Investors UK
by Jamie Ashcroft
Mimouna prospect in Morocco can put Circle Oil (LON:COP) on the path to a re-rating.
The Lalla Mimouna project follows the oil and gas junior’s achievements at the Sebou field, where it successfully discovered and tested discrete gas pockets.
Lalla Mimouna is similar to Sebou, and Circle’s plan is broadly the same; success here will give confidence to investors and can help unlock currently unrecognised value. (more…)
Today, His Majesty King Mohammed VI of Morocco, North Africa, along with a number of partnering individuals, inaugurated an anti-pollution system from SUEZ Environnement on the East Coast of Greater Casablanca to treat a number of wastewater discharges into the sea.
The Moroccan coastline, which extends from Casablanca to Mohammedia, serves as one of the most industrialized seaboards in the country and generates large amounts of pollution, principally due to wastewater discharges into the sea. As such, SUEZ is aiming to preserve the Greater Casablanca coastline. (more…)
Natural Gas Asia
Sound Oil on Monday said it has been granted a 30 day period of exclusivity from the Moroccan Oil and Gas Investment Fund (OGIF) in relation to a potential farm in to the Tendrara licence, onshore Morocco.
The grant of exclusivity initiates exclusive negotiations between Sound Oil and OGIF and follows the submission of an indicative offer letter from Sound Oil to OGIF in respect of the Tendrara licence. (more…)
Food Business News
by Laura Lloyd
The U.S. Department of Agriculture in its May 12 World Agricultural Supply and Demand Estimates forecast 2015-16 global ending stocks of wheat at 203.32 million tonnes, up 2.35 million tonnes from 200.97 million tonnes estimated for 2014-15 crop. It was the department’s initial world wheat ending stocks projection for 2015-16. The forecast was above the average of pre-report trade projections at 194.2 million tonnes. (more…)
The Netherlands and Morocco will be the new co-chairs of the Global Counter terrorism Forum (GCTF), the Dutch foreign ministry said in a press release.
“From this new position the Netherlands and Morocco can work together to direct the fight against terrorism,” said foreign minister Bert Koenders.
The Netherlands will replace the United States as co-chair in October, while Morocco will replace Turkey in May 2016. (more…)
By BFN News
Circle Oil is ‘delighted’ with preliminary results of testing of the well SAH-W1 in the Sebou permit, onshore Morocco. The well is located within the western-central area of the Sebou Permit, about 3.2 kilometres to the south-west of the main gas gathering station. The well was drilled to a TD of 1,263 metres MD in June 2014, with gas shows encountered at different levels within the target Guebbas sands.
As is normal practice, Circle will produce from the lowermost Guebbas zone followed by the Main Guebbas zone sequentially from the bottom up, where the highest pressure is present. (more…)
Proactive Investors UK
By Jamie Ashcroft
Sound Oil (LON:SOU) has signed what chief executive James Parsons calls the first “transformational” deal in the company’s Mediterranean gas strategy.
In Morocco, a deal with OGIF could see Sound take a 55% stake in an onshore gas development.
The Tendrara licence area, in North East Morocco, hosts a number of discoveries and is deemed to have low-risk appraisal potential and significant exploration potential. (more…)
Source: Al Jazeera and agencies
WAR & CONFLICT
A Moroccan F-16 warplane taking part in a bombing campaign in Yemen led by Saudi Arabia has gone missing, the Moroccan Royal Armed Forces has said in a statement.
Morocco announced its backing of Saudi Arabia since the beginning of the military offensive in March, and has had F-16 warplanes stationed in the United Arab Emirates (UAE), the Reuters news agency reported on Monday. (more…)
The European Union has granted a 465 million MAD ($47.8 million) loan to the Moroccan Agency for Solar Energy (MASEN) for the construction of the 150 MW CSP Noor III solar project, according to Moroccan newspaper Le Matin. EU Commissioner for Energy and Climate Action Miguel Arias Cañete and the president of the MASEN Mustapha Bakkoury have signed an agreement for the financing at the end of last week. (more…)
Your Project News
Circle Oil Plc (AIM: COP), the Middle East and North Africa focused oil and gas exploration, development and production company, is pleased to announce the preliminary results of testing of the well SAH-W1 in the Sebou Permit, onshore Morocco.
The well is located within the western-central area of the Sebou Permit, about 3.2 kilometres to the south-west of the main gas gathering station. The well was drilled to a TD of 1,263 metres MD in June 2014, with gas shows encountered at different levels within the target Guebbas sands. (more…)
Morocco’s navy on Friday prevented a group of 40 illegal migrants from crossing the Strait of Gibraltar on makeshift boats headed for Spain, the authorities in Tangiers said.
The authorities “succeeded in foiling an illegal attempt to emigrate by a group of 40 people of sub-Saharan origin”, the MAP news agency reported the prefecture in Tangiers as saying.
It said the migrants, who were all safe and well, “were getting ready to take to sea… on board four inflatable boats, one of which had an engine”. (more…)
Group says goal was not to accuse, but open global debate on privacy.
The Moroccan Interior Ministry has filed a lawsuit against a group behind a report that allegedly accuses the intelligence services of spying on rights activists and journalists, according to the state news agency MAP.
International rights groups condemn curbs on freedom of speech and information in Morocco, where journalists and activists are regularly prosecuted under laws that criminalise defamation of the state or king. (more…)
Health Minister El Hossein Louardi came out in support of lifting Morocco’s ban on abortion, saying women should control their own bodies, in an interview published on Friday.
He spoke to the weekly Tel Quel amid a debate sparked by the fact that hundreds of illegal abortions take place in the kingdom every day.
“I am a doctor and citizen first. I believe a woman should have control over her own body,” Louardi told the weekly. (more…)
MIDDLE EAST EYE
When students from Jordan, Egypt, Qatar and other Arab countries reach the end of their courses at the University of Buffalo, upstate New York, they typically have one question in mind.
“I finish my studies soon, how can I stay here? How do I avoid going back?” postgraduate student Durgham Alyasiri, 23, who runs a support group for Arabs at the university told Middle East Eye.
“Lots of them come to me for information – not just students from Syria, Iraq and Yemen; but also those from relatively stable countries like Saudi Arabia, Egypt and Morocco, who are also looking to stay in the US.” (more…)
The fourteenth Polisario congress could pave the way for the beginning of the post Mohamed Abdelaziz era, after weeks of rumours speculating on the political demise of the Front’s historic leader. Sixty-eight year old Abdelaziz is both secretary general of the Polisario Front and exiled president of Rasd, the Arabic Saharawi Democratic Republic.
He has refrained from officially declaring his intentions but forty years after the beginning of his leadership of the Saharawi people adhering to the movement’s separatist agenda, the prospect of his demise appears likely. (more…)