Opinion
Taxing times: How inflation and heavy taxation are squeezing Morocco
Morocco’s economic strategy has long been admired as a model for North Africa, with the kingdom positioning itself as
1 min read
Spanish news outlet ECOtcias has reported that the British exploration firm, Europa Oil & Gas, announced finding reserves estimated at 1 billion tons within the Inzegane permit area. Europa Oil & Gas holds a 75% stake in the permit, with the remaining 25% owned by Morocco. Located just 200 kilometers from the Canary Islands and 100 kilometers from Spain’s maritime boundary, the discovery could bolster the company’s fortunes after a disappointing financial year. It could also bolster Morocco’s energy portfolio.
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Opinion
Taxing times: How inflation and heavy taxation are squeezing Morocco
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