Middle East / Africa

Morocco flag
Summary | Profile

Country profile: Morocco

Location: Northern Africa, bordering the North Atlantic Ocean and the Mediterranean Sea, between Algeria and Western Sahara
Climate: Mediterranean, becoming more extreme in the interior
Terrain: northern coast and interior are mountainous with large areas of bordering plateaus, intermontane valleys, and rich coastal plains
Size: 446550 sq. km total (Land area: 446300 sq. km  Water area: 250 sq.km)
Population: 34,343,219 (July 2008 est.)
Languages: Arabic (official), Berber dialects, French often the language of business, government, and diplomacy
Government: constitutional monarchy
Capital city: Rabat
Legal system: based on Islamic law and French and Spanish civil law systems; judicial review of legislative acts in Constitutional Chamber of Supreme Court; has not accepted compulsory ICJ jurisdiction
Currency: Moroccan dirham (MAD)
Licensing:

Country profile

In 788, about a century after the Arab conquest of North Africa, successive Moorish dynasties began to rule in Morocco. In the 16th century, the Sa'adi monarchy, particularly under Ahmad AL-MANSUR (1578-1603), repelled foreign invaders and inaugurated a golden age. In 1860, Spain occupied northern Morocco and ushered in a half century of trade rivalry among European powers that saw Morocco's sovereignty steadily erode; in 1912, the French imposed a protectorate over the country. A protracted independence struggle with France ended successfully in 1956.

The internationalized city of Tangier and most Spanish possessions were turned over to the new country that same year. Morocco virtually annexed Western Sahara during the late 1970s, but final resolution on the status of the territory remains unresolved. Gradual political reforms in the 1990s resulted in the establishment of a bicameral legislature, which first met in 1997. Improvements in human rights have occurred and there is a largely free press. Despite the continuing reforms, ultimate authority remains in the hands of the monarch.

Energy production and consumption


Oil Gas
Production: 3,746 bbl/day (2005 est.) 47 million cu m (2005 est.)
Consumption: 176,000 bbl/day (2005 est.) 47 million cu m (2005 est.)
Exports: 21,890 bbl/day (2005 est.)  
Imports: 186,100 bbl/day (2005 est.)  
Reserves: 100 million bbl/day (2005 est.) 1 billion cu m (1 January 2006 est.)
Major fields:



Morocco - recent news

11 Sep 20
Sound Energy announces half-yearly report for the six months ended 30 June 2020
Sound Energy, the Moroccan focused upstream oil and gas company, has announced its unaudited half-year report for the six months ended 30 June 2020.
07 Sep 20
Morocco: Chariot Oil & Gas announces significant resource upgrade on Anchois, Morocco
AIM-listed Chariot Oil & Gas has completed the reprocessing of 3D seismic data across the Lixus Offshore Licence, Morocco, resulting in significant improvements in both image quality and in depth control. This has had a positive impact on the understanding of the distribution and extent of the Anchois gas sands.
06 Jul 20
Morocco: Sound Energy concludes re-negotiation of the terms of its Anoual Exploration Permits in Eastern Morocco
Sound Energy has successfully concluded a re-negotiation of the terms of its Anoual Exploration Permits which aligns the work programme commitments on the Permit and the Company's continued pursuit to unlock the exploration potential of the Eastern Morocco basin with the expected phasing of the Company's recently announced Tendrara Production Concession Phase 1 development plan.
29 Jun 20
Morocco: Sound Energy signs LNG heads of terms with leading Moroccan energy group
Sound Energy has provided an update in relation to the Company's micro liquified natural gas ('mLNG') phase 1 development plan for the TE-5 Horst development at the Tendrara Production Concession, onshore Morocco.
23 Jun 20
Morocco/Egypt: SDX Energy provides update on drilling operations in Morocco and Egypt
SDX Energy, the MENA-focused oil and gas company, has provided an update on its operations in Egypt and Morocco following the recent drilling successes, which have resulted in a post-drilling extension of plateau production at South Disouq and de-risked prospectivity in both Egypt and Morocco.

Morocco - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 362

Completed Deals

Completed Upstream Deals: 5520

Company Profiles

Current Company Profiles: 2730

Corporate Activity

Current Corporate Activity articles: 3514

Companies Looking

Current number of articles: 440

Company Sales

Current Company Sales articles:1426

Geostudies

Current Geostudies articles: 741

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

KL Publishing
Geoespace
energy365
SLR Consulting logo
Rose & Assocs 149
Government of South Australia
Bayphase
Union Jack Oil 149
OPC
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com