Morocco plans to call for tenders for the construction of a $4.6bn natural gas project, which will be used for power generation.
In an interview with Bloomberg, the country’s Energy Minister Aziz Rabbah said: “This is a project to build an integrated plant to process gas.”
According to the 2015 report of World Bank, Morocco imported 97% of its fuel. It is looking to cut down its dependence on imported gas and produce around 40% of its energy from renewable sources in another two years.
“We might surpass that target because there are massive investments now.”
Meanwhile, the government is awaiting court verdict on the future of bankrupt Samir, the country’s sole oil refinery.
Last October, the court granted an extension period of three months to enable the liquidator to scout for a buyer.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataRabbah added: “We either find a buyer or it will be completely shut down.”
Although with proved reserves of some 1.44 billion cubic metres of natural gas, as per the CIA World Factbook, the country’s production stood at just 100 million cubic metres as of 2015.
Last October, Sound Energy stated that it will focus more on Morocco, where it has blocks with estimated reserves of 17 trillion cubic feet (tcf) of gas.
Its flagship block Tendrara is estimated to contain about 1tcf of gas. Schlumberger is Sound Energy’s partner in the Moroccan business.