Rabat - British E&P company Gulfsands has decided to stop all its activities in Morocco. By no longer pursuing its Moulay Bouchta licence, the oil and gas exploration company will have to pay USD 1.75 million of restricted cash as performance guarantees to the National Office of Hydrocarbons and Mines (ONHYM).

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Chaima Lahsini is freelance journalist and activist with the Al-Fam collective in Rabat.