Morocco seeks $1.6bn wind energy investment

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Updated 02 November 2021
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Morocco seeks $1.6bn wind energy investment

  • His announcement came due to what he called “the aggressive practices of the Kingdom of Morocco”

Rabat is seeking to mobilise international investments for a wind energy program worth 14.5 billion Moroccan dirhams ($1.6 billion), which is planned to be fully operational by 2024, the Moroccan Ministry of Foreign Affairs said in a tweet on Tuesday.

Rabat’s decision follows the Algerian President Abdelmadjid Tebboune's decision not to renew the contract of utilising the gas pipelines that supply Algerian gas to Spain through Morocco.

His announcement came due to what he called “the aggressive practices of the Kingdom of Morocco,” Asharq reported, citing a statement issued by the Presidency. 

Subsequently, the non-renewal of the contract between the Algerian Sonatrach Petroleum Corporation and the Moroccan National Office of Electricity and Drinking Water, will limit the Algerian gas supply to Spain to the offshore gas pipeline, Medgas, that entered into service in 2011. 


QatarEnergy announces force majeure following Iran attacks: statement

Updated 04 March 2026
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QatarEnergy announces force majeure following Iran attacks: statement

DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.

“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.

QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.

Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.

The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.

On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.

Qatar shares the world’s largest natural gas reservoir with Iran.

QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.

In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.