Moroccan Court Gives Oil Refiner Samir More Time to Restart Production
A Moroccan court has given the country's only oil refinery, Samir, another six months to restart production, two sources from the company said on Tuesday, giving it more time to attract a buyer during a court-ordered liquidation. Samir halted production in August due to financial difficulties, then a court ruling placed it in liquidation and named an independent trustee to run it. The same ruling had given three months to the new managers to restart production in the 200…
QP, Chevron Ink Offshore Moroccan Deal
Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from Chevron’s 75% share in three deep-water offshore leases in the Kingdom of Morocco. Under the agreement, which was approved by the Moroccan government, Qatar Petroleum will acquire the 30% interest in the deep-water leases…
Fastnet to Farm in Tendrara Lakbir
Fastnet, the UK and Irish listed E&P company focussed on near term exploration and appraisal acreage in Morocco and the Celtic Sea, announced that its wholly owned subsidiary Pathfinder Hydrocarbon Ventures Limited (Pathfinder) has entered into an amended exclusive option agreement with Oil and Gas Investments Funds (OGIF) (the "Option Agreement"), in relation to eight Exploration Permits…
