Morocco is a net energy importing nation.
-Refined Petroleum ($3.13B), Cars ($1.81B), Petroleum Gas ($1.27B) were major import goods for Morocco.
-Morocco mostly imports oil and gas from
-In September 2019, British energy firm Chariot Oil & Gas made a major gas field discovery
in Morocco’s Mohammedia-Kenitra region, a 98 km long coastal region spreading between Casablanca and
Kenitra, north of the capital Rabat.
-Moroccan company Mya Energy inked a deal with Russian state development cooperation VEB on, Oct.23.
The deal concerns the construction of a €2 billion oil refinery (Source: Morocco World News).
-Saudi Arabia’s ACWA Power, a global alternative energy firm, runs renewable energy projects in Morocco.
-Morocco is home to the world’s largest concentrated solar plants. Built on an area of more than 3,000 hectares in
size of Prague, or twice the size of Marrakesh. Situated at the gateway to the Sahara Desert, the whole complex
provides 580 megawatts saving the planet from over 760,000 tonnes of carbon emissions (Source: CNN.COM).
IMF (2019): THE GOV’T OF MOROCCO HAS IMPLEMENTED THE STEEPEST CUTS INTO ENERGY SUBSIDIES IN THE ARAB WORLD.
These cut in subsidies have increased the demand for renewable energy