This ambition was expressed by the CEO of the NewMed Energy group, Yossi Abu, during a press briefing held on Tuesday 22 February, and marked by the announcement of the change in the name of the company, which was previously called Delek Drilling. The group has identified Morocco as “a country with enormous geological and commercial potential,” the official said, adding that NewMed Energy is particularly interested in the Moroccan coastal areas in the Mediterranean and North Atlantic.
The announcement of NewMed Energy comes a day after the signing in Rabat of an economic cooperation agreement between Morocco and Israel. This memorandum of understanding, signed by the Minister of Industry and Trade, Ryad Mezzour, and his Israeli counterpart, Orna Barbivai, aims at facilitating and promoting investments and exchanges between the two countries in the sectors of Industry 4.0 which is asserting itself as the convergence of digital design, food, automotive, aviation, textile, water technologies and renewable energies, medical equipments and the pharmaceutical industry For the record, at the end of September, the Israeli oil and gas exploration company obtained from the Moroccan ministry in charge, the exploration and study rights of the Dakhla Atlantic block, which has an area of about 109,000 km2.
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