Morocco joins hands with int'l energy giants in oil, gas explorations

Repsol, one of the world's leading publicly-traded oil and gas companies, will be the operator of the project, the statement noted.

Figures show a total of 164 million U.S. dollars is expected to be invested in oil and gas explorations in Morocco in 2018.

Between 2000 and 2017, Morocco's total investments in oil and gas explorations onshore and offshore totalled 2.7 billion dollars, 96 percent of which was paid by partners of state-owned ONHYM.