Thursday, May 18, 2006

Morocco calls on international oil companies

About 1 million km square of sedimentary basin in Morocco are under-tapped, said Energy and Mining Minister, Mohamed Boutaleb, calling on international oil companies to benefit from this potentia

"Despite our satisfaction with the large cooperation with international oil companies operating in Morocco, our subsoil is still under-developed," the minister stressed at the opening of the 4th "Maghreb and Mediterranean Oil and Gas 2006" conference.

The Mediterranean area, he said, offers huge opportunities in oil and gas production and exchanges, which creates an environment in favor of economic regional integration.

The 4th Maghreb and Mediterranean Oil and Gas Conference focuses on exploration and development, National Oil Companies, corporate and State strategies, new ventures, contracts and acreage licensing, as well as energy law and oil finance.


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