Over 25 oil prospecting companies operating in Morocco, minister
Morocco, Economics, 4/22/2004

Oil prospecting in Morocco witnessed in recent years an "interesting dynamic" as no less than 59 agreements have been signed with more than 25 companies, revealed on Wednesday Mohamed Boutaleb, Moroccan Minister of Energy and Mines,

This dynamic, he explained in an interview with the Moroccan daily "Aujourd'hui le Maroc," is the result of a "clear and ambitious strategy" of oil prospecting that materialized with the creation of the state-owned "Office national des hydrocarbures et des mines" (ONHYM) and the adoption of the new code of hydrocarbons that is "more attractive."

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