Calls for reactivating the idle Samir refinery in Mohammedia become more acute as fuel prices more than doubled compared to last year, due to a geopolitical crisis that affected global supply. Prices in fuel stations could have been lower had Morocco been refining its own oil at home, analysts argue. Morocco consumed 11.2 million tons of oil products last year, of which diesel and butane gas represented 79%. Morocco is investing 2 billion dirhams to increase its oil stocks capacity to 1.8 million tons, she said. The closed refiner has a stockpile capacity of 2 million tons and used to produce 10 million tons of oil products, securing Morocco’s domestic needs and supporting surplus.

Source: The North Africa Journal June 17, 2022 13:12 UTC