Economic news will be the headline of the Moroccan daily

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Published by APA News on April 16, 2022 at 2:18 pm

Published this Saturday, Morocco’s daily newspaper covers many subjects, especially extensive gas exploration, Morocco’s first entry into the international liquefied natural gas market, future construction of aircraft maintenance plants, and growth of the Moroccan economy. I’m focusing. .. + AlAkhbar + reports that between 2000 and 2022, more than 11 natural gas exploration companies drilled 67 wells in Morocco. In fact, the 40 wells contain large amounts of gas and are close to a large network of gas pipelines and industrial units across northern Morocco, so no significant additional investment is required for commissioning.

Amina Benkhadra, Spain’s main “repsol”, recently discovered a large amount of gas off the coast of Larache. This is the British company Chariot Oiland Gas from the end of 2021 to the beginning of 2022. Customers for this deposit have already been identified.

Similarly, the Essaouira basin contains large amounts of gas and condensates at the level of the Mescala subsalt sandstone Triassic. This is not only highlighted for several years, but also recently discovered and awaiting confirmation. By additional technical research.

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In the Tendrara basin, five wells were drilled by ONYHM in partnership with Sound Energy between 2016 and 2019. Considering future test runs, large amounts of gas were found in the two wells covered by the contract.

Seven wells, including three in shallow water, were excavated at the level of the Atlantic coast from Agadir to Tarfaya. Two of these wells confirmed the presence of oil off Tarfaya and Sidiifney, while the other four wells in the same area highlighted important oil and gas indicators.

+ Le Matin + reports that Morocco is the first to enter the international liquefied natural gas market. After launching bids in November last year, the government is considering proposals from potential suppliers.

According to Leila Benali, Minister of Energy Conversion and Sustainable Development, the extraordinary committee is currently reviewing the proposals it has received and will be able to sign the first contract in the coming days. I will decide. “In that case, it is only a matter of time before natural gas reaches the two power plants, Tahedat and Benimatar, which are currently closed. Therefore, the two power plants can resume activity,” the daily newspaper said. Emphasize to the quoted minister.

The minister, who does not hide her ambitions, wants Morocco to have its own storage and regasification infrastructure. “This issue is still being considered by an extraordinary committee that has not yet determined the nature of these future terminals. Are these floating units or fixed stations? Especially for floating plants? While there are several advantages in terms of ease and the possibility of moving to another port, construction costs and the most economical operations should also be considered.

+ L’Opinion + reports that a military aircraft maintenance plant will soon be set up in the kingdom in partnership with the Belgian company Blueberry Group and the American giant Lockheed Martin.

This project is the result of a strategic partnership between the Moroccan government and the aforementioned group, resulting in the Moroccan joint venture Maintenance Aero Maroc (MAM).

The agreement provides for the construction of maintenance, repair and upgrade centers for military aircraft, including fighters and helicopters on Lockheed Martin’s platform. The center will be built in an area of ​​15,000 m2 at Benz Limane Airport. This project will create more than 300 jobs.

According to the same source, the first maintenance activity should start this year on the Lockheed Martin C-130 and will notify the publication.

+ Today’s Morocco + shows that the World Bank is predicting a slowdown in the pace of growth in the national economy. Morocco is expected to grow 1.1% from 7.4% in 2021, according to forecasts developed by the World Bank’s recent breaking news on the MENA region.

This slowdown will soon disappear, as national economic activity should regain momentum and reach 4.3% growth in 2023. According to the World Bank, real GDP growth per capita will fall to -0.1% in 2023 and rise to 3.1%.

Morocco’s negative balance is projected to be 5.5% in the current account forecast. According to the World Bank, it will be -4% in 2023. The fiscal balance will be -6.2% in 2022 and -5.8% in 2023.