RABAT Jan 3 Moroccan state-owned power utility
ONEE has picked HSBC Middle East Limited as
financial adviser for its plan to boost its imports of liquefied
natural gas (LNG), ONEE said in a statement on Tuesday.
It has also chosen the law firm Ashurst LLP as legal adviser
for the same plan.
The HSBC contract is worth $7 million while Ashurst will
earn around $2 million, the statement said.
The entire project, worth up to $4.6 billion, includes the
import of up to 7 billion cubic metres (bcm) of gas by 2025, the
construction of a jetty, terminal, pipelines and gas-fired power
(Reporting by Aziz El Yaakoubi; Editing by Adrian Croft)