Morocco Aims to Become Key Player in Green Hydrogen

A picture taken on February 4, 2016 shows an aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power (CSP) plant, some 20km (12.5 miles) outside the central Moroccan town of Ouarzazate, ahead of its inauguration. (AFP)
A picture taken on February 4, 2016 shows an aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power (CSP) plant, some 20km (12.5 miles) outside the central Moroccan town of Ouarzazate, ahead of its inauguration. (AFP)
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Morocco Aims to Become Key Player in Green Hydrogen

A picture taken on February 4, 2016 shows an aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power (CSP) plant, some 20km (12.5 miles) outside the central Moroccan town of Ouarzazate, ahead of its inauguration. (AFP)
A picture taken on February 4, 2016 shows an aerial view of the solar mirrors at the Noor 1 Concentrated Solar Power (CSP) plant, some 20km (12.5 miles) outside the central Moroccan town of Ouarzazate, ahead of its inauguration. (AFP)

Morocco has voiced ambitious plans to become North Africa's top player in the emerging "green hydrogen" sector, with plans to export the clean-burning fuel to Europe.

Hydrogen is seen as a clean energy source that can help the world phase out fossil fuels and reduce atmospheric carbon emissions in the battle to slow global warming.

Morocco, which already runs large solar power plants, also hopes to harness green hydrogen -- the kind made without burning fossil fuels -- for its sizeable fertilizer sector.

Around 1.5 million acres (6,000 square kilometers) of public land -- nearly the size of Kuwait -- have been set aside for green hydrogen and ammonia plants, the economy ministry says.

King Mohammed VI has hailed a national green hydrogen plan dubbed l'Offre Maroc (the Moroccan Offer) and called for its "rapid and qualitative implementation".

Speaking in July, before the country's earthquake disaster, he said Morocco must take advantage of "the projects supported by international investors in this promising sector".

Local media have reported about investment plans by Australian, British, French, German and Indian companies.

Fertilizer sales

Hydrogen can be extracted from water by passing a strong electrical current through it.

This separates the hydrogen from the oxygen, a process called electrolysis.

If the power used is clean -- such as solar or wind -- the fuel is called "green hydrogen", which is itself emission-free when burnt.

But there are problems: hydrogen is highly explosive and hard to store and transport. This has set back hydrogen fuel cell cars in the race against electric vehicles using lithium-ion batteries.

However, experts say green hydrogen also has a big role to play in decarbonizing energy-intensive industries that cannot easily be electrified such as steel, cement and chemicals.

Powering blast furnaces with hydrogen, for example, offers the promise of making "green steel".

Hydrogen can also be converted into ammonia, to store the energy or as a major input in synthetic fertilizers.

Morocco is already a major player in the global fertilizer market, thanks mainly to its immense phosphate reserves.

It profited after fertilizer shortages sparked by Russia's invasion of Ukraine sent prices up to 1,000 euros ($1,060) per ton.

Morocco's state Phosphate Office has announced plans to quickly produce a million tons of "green ammonia" from green hydrogen and triple the amount by 2032.

Solar power

Analysts caution that Morocco still has some way to go with its ambitious green fertilizer plans.

The sector is "embryonic and the large global projects will not see the light of day until three to five years from now", said Samir Rachidi, director of the Moroccan research institute IRESEN.

Morocco's advantage is that it has already bet heavily on clean energy over the past 15 years.

Solar, wind and other clean energy make up 38 percent of production, and the goal is to reach 52 percent by 2030.

For now green hydrogen is more expensive than the highly polluting "brown hydrogen" made using coal or "grey hydrogen" produced from natural gas.

The goal is to keep green hydrogen production below $1-$2 per kilogram, Ahmed Reda Chami, president of the Economic, Social and Environmental Counsel, told the weekly La Vie Eco.

Rachidi of IRESEN said water-scarce Morocco must also step up the desalination of seawater for the process.

It must build "an industrial value chain which begins with seawater desalinization plants for electrolysis, electricity storage, to transportation and hydrogen marketing", he said.

Already hit by droughts that threaten its farm sector, Morocco has announced plans to add seven desalinization plants to its 12 existing facilities.

Regional contest

Morocco is competing on green hydrogen with other regional countries from Egypt to Mauritania.

Business consultants Deloitte have predicted that North Africa will be the world's largest green hydrogen-exporting region by 2050, reshuffling the global energy cards.

Algeria, a major fossil fuel exporter, can capitalize on "one of the most important potentials in the world" in terms of solar and wind energy and gas pipeline infrastructure, said Rabah Sellami, director of its Renewable Energies Commission.

Currently, Algeria produces only three percent of its electricity through renewables, but is investing heavily to boost capacity.

Algeria has numerous desalinization plants whose capacity is set to more than double to two billion cubic meters (about 70 billion cubic feet) in 2030.

Its roadmap for green hydrogen targets "production of one million tons for export to the European market" and 250,000 tons for domestic consumption, said Sellami.

Tunisia also wants to enter the fray, provided it can build up its renewables production, said its energy ministry's general director Belhassen Chiboub.

It hopes to grow clean power output from three percent now to 35 percent by 2030.

If it meets that target, Chiboub predicted, "it will be able to export between 5.5 and six million tons of green hydrogen to Europe by 2050".



Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
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Türkiye TPAO, Shell Sign Deal to Carry out Exploration Work offshore Bulgaria

A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)
A Shell logo is seen at a gas station in Buenos Aires, Argentina, March 12, 2018. (Reuters)

Türkiye Petrolleri (TPAO) has signed a partnership agreement with Shell to carry out exploration work in Bulgaria's maritime zone, the Turkish energy ministry and British oil major said on Wednesday.

European Union member Bulgaria, which had been totally dependent on Russian gas until 2022, has been seeking to diversify its gas supplies and find cheaper sources, Reuters reported.

TPAO and Shell will jointly explore the Khan Tervel block, located near Türkiye's Sakarya gas field, and will hold a five-year licence in Bulgaria's exclusive economic zone, Minister Alparslan Bayraktar said.

Shell will continue as operator of the block, while TPAO will take a 33% interest in the licence, a Shell spokesperson said.

Since the start of this year, TPAO has signed energy cooperation agreements with ExxonMobil, Chevron and BP for possible exploration work in the Black Sea and the Mediterranean.

In April, Shell signed a contract with Bulgaria's government to allow the oil major to explore 4,000 square metres in the block.


Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.