supplier extraction of oil from plant s in morocco

                                               
                                               
                                               
                                               
                                               
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  • What is oil used for in Morocco?
  • These include fuels for automobiles, ships and aircraft, as well as those used for heating. Oil is also made into a variety of chemicals and products with a wide range of industrial and commercial uses ¨C notably plastics. No data for Morocco for 2022.
  • Does Morocco have oil shale?
  • Although Moroccan oil shale has been studied since the 1930s and several pilot plants have extracted shale oil from the local formations, commercial extraction was not underway as of 2011. Oil-shale deposits in Morocco. Morocco's total oil shale resources are estimated to contain 53.381 billion barrels (8.4869 × 109 m 3) of shale oil.
  • What is the largest oil shale deposit in Morocco?
  • The largest known oil shale deposit in Morocco is located at Tarfaya. The deposit is estimated to consist of 80 billion tons of oil shale, containing 22.7 billion barrels (3.61 × 109 m 3) of shale oil. The deposit is divided into two flanks on each side of Tazrha sabkha.
  • Are there any production bonuses in Morocco?
  • There are no signature bonuses but production bonuses in the form of cash payments exist with a maximum one-off payment of US$5,000,000 on production greater than 30,000 BOE/day. A discovery bonus of US$1,000,000 is also payable. Gas prices in Morocco are currently higher than UK National Balancing Point (NPB) prices for domestic delivery.
  • How much does seismic reprocessing cost in Morocco?
  • Seismic reprocessing costs are estimated to be US$150,000 and well costs US$2,000,000. The fiscal terms in Morocco are restricted to a 5% State royalty for gas, applicable after the first 10.6 BCF of net production to the operator, and corporation tax charged at 31%.
  • What is the tax rate for gas in Morocco?
  • The fiscal terms in Morocco are restricted to a 5% State royalty for gas, applicable after the first 10.6 BCF of net production to the operator, and corporation tax charged at 31%. However, there is a 10-year ¡°holiday¡± before corporation tax will be charged and any unused tax losses can be offset against the tax due.