Marsa Maroc commits to a strategic oil and gas project in Djibouti

Marsa Maroc commits to a strategic oil and gas project in Djibouti
Marsa Maroc commits to a strategic oil and gas project in Djibouti

The editorial staff of “Barlamane.com”
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15:23 – January 6, 2025

Morocco’s main port operator, Marsa Maroc, will invest an undisclosed sum in Damerjog Oil FZE, a company responsible for building an oil and gas port on the shores of the Gulf of Aden in Djibouti, according to a decree Moroccan government statement published Monday January 6, according to the Reuters agency

To supervise this investment, Marsa Maroc has created a subsidiary, Marsa Maroc International Logistics, which will manage a dedicated entity named Marsa Djibouti, indicates the official text.

This project is part of Marsa Maroc’s desire to strengthen its presence in the logistics chains of East Africa. Furthermore, Marsa Maroc International Logistics, established to support the company’s African ambitions, also gave birth to Marsa Bénin, responsible for managing terminals 1 and 5 of the port of Cotonou in Benin, specifies the decree.

In June 2024, Marsa Maroc won a contract to operate a container terminal at the port of Nador West Med, Morocco, with a capacity exceeding three million TEUs. Listed on the Casablanca Stock Exchange, Marsa Maroc manages nine ports in Morocco, including Tanger Med 1 and Casablanca, concludes the same source.

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