A consortium led by Britain's Enterprise Oil has won last week a contract to explore hydrocarbons onshore areas in northern Morocco, Credit du Maroc Capital (CDMC) reported.
The consortium, composed of Enterprise and US Anschutz Morocco Corporation, was granted two licenses for hydrocarbon search on 8,700 square kilometers in Azilah Ouezzane and on 4,100 square kilometers in Tissa, said the news service.
ONAREP has signed in the past 12 months nine contracts with foreign oil companies as part of a government drive to attract foreign investment in the hydrocarbons exploration sector, said CDMC, noting that no other details were given on the projected investments.
Morocco, which has no oil of its own, imported last year the equivalent of $1.4 billion crude mainly from the Gulf countries – Albawaba.com
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