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TunisiaThe European Bank for Reconstruction and Development supports Morocco’s Energy sector with a €10 million loan
The EBRD is supporting SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel oil. As a result, a reduction of 20,000 tonnes in CO2 emissions per year is anticipated.
SDX Energy is an international company active in the exploration and production of oil and gas, currently operating in North Africa with assets in Egypt and Morocco. It was created in 2015 by the merger of Sea Dragon Energy and Madison PetroGas.
The EBRD has been working in Morocco since 2012. To date, the Bank has invested over €1.5 billion in 36 projects across the country, in addition to over €250 million of trade facilitation credit lines with local banks.
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Countries covered:
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Egypt
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Morocco
