Green Business

Morocco Attracts 207 Mln U.S. Dollars Green Funds

Xinhuanet
Source: Xinhua Editor: ying

Morocco

Morocco continues to attract green funds as the first Green Climate Fund (GCF) agreed to contribute to the financing of a new water conservation project in Morocco worth 207 million US dollars, local media reported on Friday.

The program is also financed by the European Bank for Reconstruction and Development (EBRD) with 127 million US dollars and the Moroccan government with 47 million U.S. dollars. (more…)

Road to COP22: The Green Morocco Plan

Africa News

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For the final stop along the road to cop 22, we’re in Souss Massa Daraa, in southern Morocco.

This region is the origin of the Triple A initiative – Adaptation of African Agriculture. It aims to transform the continent’s agriculture to face the challenges of climate change.

Morocco’s Triple A initiative is part of the Green Morocco Plan which deals with agriculture and the agro-industry. (more…)

Going Green: Morocco Bans Use Of Plastic Bags

Al jazeera
Aida Alami

Morocco

Morocco is the second-largest plastic bag consumer after the United States [Getty Images]

As a ban on the production and use of plastic bags comes into effect across Morocco on Friday, green campaigners say that the country’s consumers may need years to fully comply with the new law.

A landmark bill passed by the Moroccan parliament last October banned the production, import, sale and distribution of plastic bags across the country.

The bill, which became law on July 1, is part of a larger environmentally conscious effort across the North African country to go green. (more…)

Morocco’s Grain Output Falls To 68 Million Quintals In 2014

Bernama

 

 

 

Morocco’s Grain Output Falls To 68 Million Quintals In 2014

RABAT, July 24 (BERNAMA-NNN-MAP) — Morocco’s grain output fell to 68 million quintals (6.8 million tonnes) this year from 97 million quintals in 2013, which was an exceptional crop year, says Agriculture and Fisheries Minister Aziz Akhannouch.

During the current crop year, farmers harvested 37 million quintals of wheat, 17 million quintals of barley and 14 million quintals of durum wheat, the minister said here Tuesday. (more…)

Fastnet to attract a major partner for Moroccan gas assets

Paul Griffiths, Fastnet’s managing director

By Geoff Percival

Paul Griffiths, Fastnet's managing director

Fastnet Oil and Gas is expecting to seal a deal with a development partner for its highly-rated onshore Moroccan assets before the end of the year.

The news follows the Dublin-based explorer significantly improving the terms of its licensing agreement regarding the onshore Tendrara-Lakbir project, which covers an area of around 14,500sq km in the north-east of Morocco.

It emerged, last year, that the Tendrara licence could hold more than double the amount of reserves than first anticipated and be worth nearly €45m to Fastnet. (more…)

Chariot Oil & Gas shares get rolling after Morocco farm-out deal with Woodside


 

By Ian Lyall

July 04 2014
The prime drilling candidate at the moment is JP-1, estimated by independent consultants Netherland Sewell to hold an unrisked 618mln barrels of oil equivalent.
The prime drilling candidate at the moment is JP-1, estimated by independent consultants Netherland Sewell to hold an unrisked 618mln barrels of oil equivalent.

—ADDS BROKER COMMENT AND SHARE PRICE—

Shares in Chariot Oil (LON:CHAR) rose 10% after it revealed it had brought in a big-hitting partner in the form of Woodside for its Rabat Deep permit off the coast of Morocco.

The Aussie explorer has agreed to pay the back costs of a 3D seismic survey on the acreage and pay for further data acquisition for a 25% stake, leaving Chariot with 50%. (more…)

Genel Energy to farm-in to Sidi Moussa

Equities.com

Marketwire

JERSEY, CHANNEL ISLANDS — (Marketwire) LONGREACH OIL AND GAS LIMITED Genel Energy to farm-in to Sidi Moussa Exploration Permits, offshore Morocco LONGREACH OIL AND GAS LIMITED (“Longreach” or “the Company”), an independent oil and gas company holding exploration and near term development licences in Morocco, is pleased to announce that, subject to the consent of the Ministry of Energy and the Ministry of Finance in Morocco, Genel Energy plc (“Genel”) will join Longreach and its joint venture partners, Serica Sidi Moussa B.V. and San Leon Offshore Morocco B.V. (respectively “Serica” and “San Leon”), in the exploration of the set of permits which comprise the Sidi Moussa Offshore area (“Sidi Moussa”) in Morocco. (more…)

Solar Power Fails to Turn the Lights On

Personal Notes : An engaged piece by Michael Lynch,president and director of global petroleum service at Strategic Energy & Economic Research and ex president of the United States Association for Energy Economics (1999). You might be interested in reading alsoAfrica, The Blackout Continent.

There is an ongoing debate about the apparently contradictory goals of controlling carbon emissions and alleviating energy poverty, with the developed world focused on the former, and the developing world the latter. Many NGOs have weighed in by proposing the provision of low-carbon emission technologies like solar power for the energy poor, criticizing efforts to expand electric power grids as a failed strategy. Unfortunately, the arguments are rarely straightforward and often misleading. (more…)

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