VOL. XXXIV

NO. 2

15-OCTOBER-1990

Morocco

Onarep Wins Financing from Petro-Canada for Essaouira Exploration

Morocco's national oil exploration and production company, Office National deRecherches et d'Exploitation Petrolieres (Onarep), signed an accord with Petro-Canada,whereby the Canadian firm will provide C$7.2mn (US$6.2mn) worth of financing foroil exploration in the Essaouira Basin in southern Morocco. The Moroccan newsagency MAP said Onarep had recently found oil and natural gas deposits in...