Middle East Economic Survey

VOL. XLVIII

No 40

3-October-2005

MOROCCO

ONHYM Sweetens Terms In Fresh Bid To Attract Explorers

Moroccos oil agency ONHYM has improved the terms on offer to international oil companies seeking exploration acreage in a bid to bring new players into its unawarded blocks. ONHYM official Mahmoud Zizi told delegates to the World Petroleum Congress in Johannesburg that the country had sizeable oil and natural gas potential, even though exploration had so far failed to yield...