"East West Petroleum" company from Canada, Announced Thursday, October 6, the signature of an 8 years deal , with the National Bureau of Hedrocarborat and minerals,for prospecting oil and natural gas in the region of Doukkala.
The Canadian company revealed on its website that it will benefit from 75% of revenues, in case of the discovery of oil wealth, while the share of the National Bureau of Minerals and Hedrocarborat will be 25%, with extended space exploration of 1997 Square kilometers.
For his part, the President and CEO of "East West Petroleum", Greg Renwick, stated that "the pole of Doukkala, represents the first entry of the company to Morocco, and we look forward to working with our new partner, the National Bureau of Hedrocarborat and minerals, in the search for traditional and non-traditional resources".