Morocco has enacted a major reform of the National Office of Hydrocarbons and Mines (ONHYM), converting it into a public limited company (ONHYM-SA). The change, approved by the government in early 2026, aims to modernize the state-owned entity and enhance its role in the country's energy strategy.
The reform grants ONHYM-SA greater financial and managerial autonomy, allowing it to partner more flexibly with private investors. This is expected to accelerate exploration and production of hydrocarbons and mining resources, aligning with Morocco's goal to reduce energy dependence.
According to official statements, the new structure will facilitate the development of renewable energy projects and the exploitation of natural resources. The move is part of broader economic reforms under King Mohammed VI to boost investment and create jobs.
