Spain imported 222,000 tonnes of diesel from Morocco between January and July, a record. But deliveries fell by 87% in one month as Moscow restricted its exports, reviving suspicions about the fuel’s true origin.
To secure its energy reserves, Morocco plans to increase its hydrocarbon storage capacity by nearly 50% by 2030. A massive investment plan of 550 million euros is planned to expand and redeploy these strategic infrastructures.
Faced with the surge in global oil prices, Morocco is preparing to suffer a historic rise in pump prices . Experts are sounding the alarm on the fragility of stocks and the lack of local refining.
While Moroccans are suffering from the high cost of living, fuel distributors are lining their pockets. Houssine Yamani, president of the National Front for the Safeguard of the Samir refinery, and also secretary general of the National Union of Oil and Gas, calls on the government to take its responsibilities.
The wish of many Moroccans to refuel diesel at 7DH as before will not materialize. The same goes for the restart of the Moroccan Refining Industry Company (SAMIR).