For the month of February 2021, the producer price index for the "Manufacturing industries excluding petroleum refining" sector increased by 0.3%. This is according to information published by the High Commission for Planning (HCP).
In Morocco, the sabotage of electrical installations, the looting of equipment and the diversion of electricity create annual losses for the state estimated at nearly one billion dirhams, or about 94 million euros.
The gas company Sound Energy PLC stated that it has not concluded any agreement with a Moroccan liquefied natural gas plant. The British company thus denies the rumors of the signing of a contract between the two parties.
Morocco will very soon proceed to the release of its gas resources. This project will allow the reduction of the kingdom’s dependence on coal and imports.
The publication of the draft on self-production of electricity is causing heated debates. This text, proposed by the Ministry of Energy, Mines and the Environment, plans to grant the right to any natural or legal person to produce electricity, for personal and commercial purposes.
Number 1 worldwide on the theme "innovation, technology and data", Morocco will lead an advocacy based on a set of concrete actions for Sustainable Development Goal 7 and the climate objectives of the Paris Agreement. This first global energy meeting under the auspices of the United Nations General Assembly since 1981 aims to accelerate the achievement of this objective.
With the gradual resumption of economic activity, a global upward trend in fuel prices is being observed, which could intensify in the coming weeks. While in Europe, a rise in oil prices was observed towards the end of last week, several analysts announce the same phenomenon in Morocco , this March 1st.
Morocco, the EU’s main partner, attaches importance to the European Union’s carbon border tax project. The kingdom is also deploying huge resources for its decarbonization and to comply with this mechanism, which involves its competitiveness.
The southern provinces have benefited from an investment of 2 billion dirhams (MMDH) to strengthen their electricity supply. The announcement was made by Abderrahim El Hafidi, the Director General of the National Office of Electricity and Drinking Water (ONEE), on the occasion of the launch of a major project to extend the electricity transmission Agadir-Laâyoune.
The shift to renewable energy sources in Morocco will create up to 482,000 jobs over the next 20 years. This is revealed by a study by the Euro-Mediterranean Forum of Economic Science Institutes (FEMISE).
Electricity production in Morocco fell by 4.1% at the end of 2020, after an increase of 17.2% in 2019. This is what the Directorate of the Treasury and External Finance (DTFE) of the Ministry of Finance indicates in its latest economic note published in January 2021.
In 2020, the balance of energy exchanges with Algeria and Spain showed a 125% drop, reflecting a 57% decline in exports and a 62.8% increase in imports. This is indicated in a January 2021 economic note from the Directorate of the Treasury and External Finance (DTFE) of the Moroccan Ministry of Economy, Finance and Administrative Reform.