Morocco, eternal hope of the oil Eldorado

Despite the failures of previous initiatives due largely to the complexity of the geology, Morocco is not giving up on its dream of finding crude oil in its offshore areas. Explorations are underway in the waters off the coast of the kingdom and the Canary Islands.

The potential of this area in the Atlantic is well known, which is pushing Morocco, as well as energy giants and independent explorers, to carry out explorations there in an attempt to find crude oil. “Although recent results have not lived up to expectations, interest in offshore exploration in Morocco persists, supported by its exploration potential and its competitive tax environment,” Jorge Navarro tells El Economista , vice president of the Association of Spanish Petroleum Geologists and Geophysicists (AGGEP) and professor at the Polytechnic University.