Akwa Group S.A. (former name: ''Groupe Afriquia'') is a conglomerate company headquartered in Casablanca. The company is primarily engaged in the

oil and gas industry The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest ...

, but operates also in the telecommunication, tourism, hotels and real estate sectors. Its service stations operate under the Afriquia brand.

History

The company was established in 1959 as Afriquia SMDC (''Société Marocaine de Distribution de Carburants'') which is now a subsidiary of Akwa Group S.A. The other major subsidiary, Maghreb Oxygène, was established in 1974. The corporate structure was reorganized in 1990s by creation of the holding company ''Groupe Afriquia''. Its subsidiaries ''Afriquia Gaz'' and ''Maghreb Oxygène'' were publicly listed in 1999. ''Groupe Afriquia'' changed its name to Akwa Group in March 2002.

References

External links

* 1959 establishments in Morocco Conglomerate companies established in 1959 Conglomerate companies of Morocco Convenience stores of Morocco Oil and gas companies of Morocco Companies based in Casablanca {{Africa-company-stub