Chariot Ltd. (OIGLF)

[douginil]

Chariot Oil & Gas

March 2, 2021

[[ Thanks to Malcy's Blog ]]

Yet more good news from Chariot this morning as they announce that along with partner ONHYM they have signed an MOU with the Moroccan Ministry of Industry to support the Anchois Gas Development. The MOU states that the Ministry will ‘support the Development to enhance job creation, regional integration through the development of strategic infrastructure and the promotion of clean and competitive energy for consumption by the Moroccan industrial sector’.

This reflects the Ministry’s active promotion of the use of natural gas extracted in Morocco to help the Kingdom of Morocco meet its key national strategy of industrial development, the decarbonisation of its economy, diversification of the energy mix and the reduction of its dependence on imported fuels. It should be noted that energy demand has doubled in-country in the last 20 years and the same is predicted in the next two decades. The Parties will forthwith progress discussions with the view to signing further agreements with the Ministry or other Moroccan authorities to implement the Anchois Gas Development.

Read at:
https://www.malcysblog.com/2021/03/oil-price-chariot-hurricane-and-finally/