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Investment News in Morocco

SDX Energy Signs Three Year $10M Credit Facility for Morocco
7/18/2018 - SDX Energy Inc. (SDX) is pleased to announce that, through its subsidiary SDX Energy Morocco (Jersey) Limited, it intends to sign later a Facility Agreement with the European Bank for Reconstruction a...
World Bank Approves $125M Financing for Morocco Solar Power Complex
World Bank Approves $125M Financing for Morocco Solar Power Complex 6/11/2018 - The World Bank announced US$125 million in additional support for Morocco’s adoption of innovative solar technology, as part of the national goal of developing the country’s world-class solar and wind...
Schlumberger will Support Tendrara License Operations
12/30/2015 - Sound Energy, the European / Mediterranean focused upstream oil and gas company has entered into a Field Management Agreement with an affiliate of Schlumberger Oilfield Holdings Limited in relation th...
Moroccan Samir Gets Backing For $1.04 Bln Capital Increase
10/19/2015 - Moroccan oil refiner Samir said it has won the backing of its extraordinary general assembly for a capital increase of 10 billion Moroccan dirhams ($1.04 billion) in an effort to end the company's fin...
Morocco Oil Refiner Samir Plans $1.04b Capital Increase
9/11/2015 - Morocco oil refiner Samir said it was planning a capital increase of 10 billion Moroccan dirham ($1.04 billion) in an effort to end the company's financial difficulties. ...
Morocco Oil Refiner Samir Falls to $223m H1 Loss
9/10/2015 - Morocco's Samir made a 2.17 billion dirham ($223 million) first-half loss hurt by maintenance in January and February, the oil refiner said. ...
Petromaroc Updates Finances
Petromaroc Updates Finances 8/26/2015 - PetroMaroc Corporation plc, an independent oil and gas company focused on Morocco is pleased to announce its financial and operating results for the second quarter of 2015. ...
Morocco's Sole Refinery to Close Due to Financial Problems
8/7/2015 - Morocco's Societe Anonyme Marocaine de l'Industrie du Raffinage (SAMIR) will halt production at its 200,000 barrel per day (bpd) Mohammedia refinery due to financial difficulties, the company said in ...
Petromaroc Closes Private Placement Raising Cdn $3M
1/14/2015 - PetroMaroc Corporation plc. has closed the non-brokered Private Placement of units of the Company at a price of Cdn $0.15 per Unit, raising gross proceeds of Cdn $3 million. PetroMaroc closed the firs...
Morocco Removes Subsidies for Petroleum Derivatives
12/2/2014 - The Moroccan government has decided to remove the subsidy of all petroleum products, which cost two billion euros in 2012, according to Mr. Mohammed Wafa, Minister of Public Affairs. ...
Petromaroc Seeks Industry Partner to Develop Sidi Moktar
11/28/2014 - PetroMaroc Corporation plc is pursuing a series of strategic and financial alternatives with the objective of maximising shareholder value following the independent assessment of prospective resource ...
Tangiers Places $5 million of Shares for Upcoming Moroccan Well
5/13/2014 - Tangiers Petroleum has resolved to place a$5 million worth of shares, before costs, through the private placement of 31.25 million shares to specify wholesale, institutional and sophisticated investor...
Morocco Refiner Samir Gets $240 Mln IDB Loan
3/26/2014 - Morocco's oil refiner Samir has received an Islamic murabaha syndicated loan of $240 million from the Islamic Development Bank (IDB) to finance crude oil imports, it said. ...
Morocco Refiner Samir Gets $300 Mln Loan from Glencore
2/20/2014 - Morocco's sole oil refiner Samir said it has obtained a $300 million loan via an agreement with Glencore Energy which includes exporting part of its production to Glencore Energy. ...
Fastnet to Raise EURO 10M for Morocco Drilling in 2014
11/27/2013 - Fastnet, the listed E&P company focused on near term exploration acreage in Morocco and the Celtic Sea, is pleased to announce that Shore Capital Stockbrokers Limited ("Shore Capital") and GMP Securit...
Morocco Refiner Samir Gets $200 mln Loan from Glencore
12/25/2012 - SAMIR has successfully completed the implementation of a financing International $ 200 million U.S. Dollars, payable on a period of 24 months with favorable terms. This funding has been concluded with...
Fastnet Oil & Gas Raise £15 mln for Morocco Drilling
11/22/2012 - Fastnet Oil & Gas has raised £15 mln through a share placing to fund a drill programme in Morocco. It is issuing 68 mln new shares to new and existing investors at 22p each. ...
WSRW to Suspend Kosmos Funding
12/9/2010 - Western Sahara Resource Watch (WSRW) has asked international banks to halt further funding of the US oil firm Kosmos Energy. The company is exploring for oil offshore occupied Western Sahara. ...

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