Esso signs two contracts – The New Tribune

this Maghreb Due to its rich hydrocarbon resources, especially in Algeria and Libya. Algeriahas the third largest natural gas reserves in the country Africa The abundance of oil reserves, with Libya holding the largest crude oil reserves on the African continent, illustrates the region’s mineral and energy wealth, which often attracts investment from large multinational companies eager to develop the extraction and processing infrastructure needed to exploit these valuable resources.

In this context,National Office of Hydrocarbons and Mines (ONHYM) Morocco and Esso Exploration International Ltd.a strong subsidiary ExxonMobil Corporation, The partnership was recently strengthened by the signing of two new accreditation contracts. Rabat Chief Executive Tuesday, July 2marking an important step in Morocco’s strategy to increase the hydrocarbon potential of the country’s subsoil.

These contracts are specifically targeted at the field Safi-Essaouira At sea, etc. Agadir – Ifni Offshoreurban coastal waters Safi, Essaouira, Agadir wait Sidi IfniONHYM’s announcement highlights the growing interest in seabed exploration in these strategic areas, which are potentially rich in hydrocarbons.

Those attending the signing ceremony included Amina BencaderaGeneral manager Enheimand Charles David TautfestPresidentEssoThe partnership continues ExxonMobil’s presence in Morocco, which began with the merger of the two companies. Exxon Mobil wait Mobil Year 1999. Exxon Mobil, As we all know, as one of the world’s largest energy and petrochemical companies, it has interests in hydrocarbon exploration and production projects in 20 countries and continues to expand its petrochemical, refining and distribution businesses on a global scale.

ONHYM also recalled its active cooperation with 14 international companies within the framework of 19 oil agreements and endorsement contracts, thus emphasizing the importance of these partnerships for Morocco’s economic and energy development. These initiatives are part of a strategic approach aimed at optimizing the development of the country’s energy resources while strengthening Morocco’s position as a key player in the regional energy sector.