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Moroccanoil is an Israeli [2] [3] cosmetics company headquartered in New York City, [4] [5] [6] specializing in hair care products containing argan oil. The company was founded in 2008 in Montreal by Chilean-Canadian Carmen Tal and her Israeli then-husband Ofer Tal.
The area of producing the oil is expanding: in 2020 it had started near the city of Agadir, 175 kilometres (109 mi) south of the traditional argan-producing area of Essaouira, and is due to expand north. [8] 40 kilograms (88 lb) of dried argan fruit produces only one litre of oil.
Although Moroccan oil shale has been studied since the 1930s, and there have been several pilot facilities for shale oil production, there is no commercial shale oil production yet. The most important deposits are in Timahdit (Middle Atlas Mountains) and Tarfaya (south-westernmost part of Morocco). [12] [13] [14]
Oil-shale deposits in Morocco. Morocco's total oil shale resources are estimated to contain 53.381 billion barrels (8.4869 × 10 ^ 9 m 3) of shale oil. [1] According to the United States Department of Energy, the oil shale deposits in Morocco constitute about 3.5% of the world's known oil shale resources. [2]
Al Mada, formerly the Société Nationale d'Investissement (SNI, lit. ' National Investment Company ') is a large private Moroccan holding company mainly owned by the Moroccan royal family. [3]
According to the Moroccan Advertisers Group, Dh3.9 billion ($507 million) was spent in 2007, a near-fourfold increase on the Dh1.1 billion ($143 million) spent in 2000. There is still room for growth, as the market remains underdeveloped by international standards.
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Oil production climbed year after year, especially after major oil and gas reserves were found in Wood County in northwest Ohio in the 1880s. From Toledo to Lima and into Indiana, the Bowling Green Fault fractured the Trenton Formation limestone, in which hydrocarbons were trapped by overlying rock.
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