Cosmetics’ Hot Elixir: Argan Oil From Morocco
supermajor Marathon tried, unsuccessfully, to pull out of the country amid the ongoing turmoil. Further west, however, sits Morocco , where Marathon’s rivals are eagerly laying the groundwork for what could be a major oil and gas bonanza. OilPrice.com offers extensive coverage of all energy sectors from crude oil and natural gas to solar energy and environmental issues. To see more opinion pieces and news analysis that cover energy technology, finance and trading, geopolitics, and sector news, please visit Oilprice.com . Recent posts The Christian Science Monitor Weekly Digital Edition Companies operating in the once-mighty Libya are reviewing their commitments more than two years after former leader Moammar Gadhafi died after falling into rebel hands. Two short weeks ago, the bulls were running through the streets of Tripoli on word oil production in the war-torn country was on the rebound. Last week, however, the government moved to thwart Marathon’s efforts to leave a country still wandering aimlessly through the post civil-war era. Mid-October enthusiasm ensued when oil production moved close to 700,000 barrels per day, though that was roughly half of its pre-civil war level. RECOMMENDED: Fracking. Tight oil. Do you know your energy vocabulary? Libya has struggled to deal with protesters demanding the centers of oil power move east to Benghazi, home of the revolution that ultimately brought an end to the Gadhafi era.
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Brands reflected those concerns: Procter & Gambles ( PG ) Oil of Olay changed its name to Olay in 2000. Consumers recent embrace of all things natural, from baby foods to cleaning products, has helped argan morph from an expensive salon treatment to a key ingredient in mass-market shampoos, conditioners, and soaps. British beauty boutique Neals Yard Remedies today sells a 4-gram argan lipstick in six colors, including Persimmon, Blackberry, and Lychee, for 15 ($23). And the Walgreens ( WAG ) drugstore chain in the U.S. carries 160 argan-infused products, up from zero three years ago, says Shannon Curtin, a merchandise manager there. LOreal says it gets argan oil from the German chemical giant BASF ( BAS:GR ), which buys from Berber cooperatives. The company says its able to find sufficient supplies, partly because the increasing value of argan has helped persuade people living among the trees to stop cutting them for firewood. Before this, the men made everything, says Belfarah Fatima, a 70-year-old mother of six, as she cracks argan nuts at a cooperative in Tagadirt NAabadou, a village of mud-brick houses outside Agadir. Fatimas cooperative is part of a network founded by Moroccan chemist Zoubida Charrouf.
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THE MOROCCAN OLIVE OIL
Estimates state that this style represents 98% of Moroccan olive trees. The Moroccan olive subsector is spread mainly over three production areas: The South and East, the Center, and the North. The South and East is a subarid climate that stretches from the east to the pre-Saharan provinces. This region makes up nearly half of the national orchard and features olives that are grown under intense cultivation. The Center is situated between the North and the Atlas mountains. The North accounts for 1/3 of the national orchard and is well-known for its use of forest plantations and olives grown in orchard conditions. Moroccan Olives on the World Market The Government of Morocco sees the importance of its olive crop in the world market and the country is looking to take advantage of its comparative advantage over Spain and the USA in terms of costs of production. It has been suggested that if Morocco can increase its production of olives, it can in turn develop the increased supply of olive oil necessary to enter, and become a regular exporter on, the world market. The world market is important when discussing increased growth and production in the olive subsector in Morocco.
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Inaugural Morocco Oil & Gas 2014 Summit
For some years now, Moroccos Office National des Hydrocarbures et des Mines (ONHYM), has been telling the world that its onshore and offshore areas are substantially underexplored and could contain significant oil and gas prospects. But for the most part, the industry has dismissed the message as wishful thinking. To be sure, Moroccos track record of petroleum discoveries has been less than inspiring, especially considering that its first exploration well was drilledand the first discovery madein 1919. Yet in 2010, oil production averaged a mere 210 b/d and gas output at only 4,800 mcf/d. has the private-sector partners it needs to turn its erstwhile pipe dreams into reality. Undeterred, visit this page ONHYM senior geologist Silim Lahsini, told the November summit in Vienna that he believed Morocco now is in deepwater, off the countrys Atlantic coast. Some big-name exploration outfits have recently taken over operatorship of key license areas, in apparent agreement with the government bodys appraisal of oil and gas potential. Those companies now include Anglo-Turkish Genel Energy, which has a 60% working interest in the Sidi Moussa block and in late November acquired 75% of the contiguous Mir Left block. It is also junior partner in the Juby Maritime block with 37.5%. UKs Cairn Energy is Jubys operator, also with a 37.5% stake, and in August purchased 50% of the Foum Draa blocks from three smaller explorers. A third big name player in international frontier exploration is Bermuda-registered Kosmos Energy, which is the operator of three offshore licenses acquired in 2011.
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New Frontiers: the buzz about oil in Morocco
Under the guidance of a strong advisory committee, the high profile meeting will provide exclusive industry insights into the investment, exploration, production, and infrastructure landscape in the Moroccan region and provide the opportunity for networking between the Government, international and local oil and gas companies, service providers and key decision makers of the region. Moroccos oil and gas reserves remain relatively underexplored whereas its geographically close position to other important oil and gas producing countries, such as Algeria, Libya or Egypt, logically indicates consistent oil-rich geological characteristics. During the past few years, the countrys geostrategic position at the crossroads of Africa, Europe and the Middle East, as well as favourable governmental guidelines for hydrocarbon exploration, competitive fiscal terms, a supportive and stimulating regulatory framework and an international opening initiative; have all attested that Morocco has become the new investment hub for oil and gas. Morocco has indeed proven to be an area of high interest for the international oil and gas industry. This year alone, at least 10 wells are planned to be drilled. As a matter of fact, the British Gulfsands Petroleum has announced they began drilling nine new wells in the Gharb basin last September. The Morocco Oil & Gas 2014 Summit will feature distinguished speakers from the Government, NOCs, the international oil and gas companies involved in the country, geologists, experts and key service providers. For the first time, experts will specifically focus exclusively on Moroccos oil and gas potential to illustrate the current new ventures, economic, operational, regulatory framework and investment opportunities in the region, giving a 360 degree view of the current status, achievements and ways for companies to get involved in the hydrocarbons of the region.
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Moroccan Oil: All You Need to Know
Hair oils did the same last year, and leading the pack was Moroccan Oil. Also known as argan oil, it has been popping up in shampoos, moisturisers and facial masks, with manufactures pointing endlessly to its miraculous healing and hydrating properties. So, what exactly does it do for a mans skin and hair? MensXP tells you everything you need to know about the benefits of Moroccan oil. What is Moroccan Oil Image Credit: arganoiltruth (dot) com Moroccan oil is derived from the kernels of argan trees that grow in the south-western regions of Morocco. The oil, which is said to have restorative and age-defying effects, has become one of the latest miracle ingredients in the beauty industry. High in vitamin E and essential fatty acids, it is believed to help all sorts of skin conditions: dry skin, acne, psoriasis, eczema and wrinkles. Moroccans were known to slather this oil on their skin, hair, nails and even their babies. By nature, it isn’t a product that the guys would necessarily be that familiar with using, but it has benefits that cant be ignored of. Why is Moroccan Oil Ideal for Men?
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