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Moroccan Fuel Firms Profit Amid Oil Drop
A report from the Competition Council revealed that the nine largest fuel distribution companies in Morocco, including Africa Oil Company owned by Prime Minister Aziz Akhannouch, achieved net profits exceeding 2.1 billion dirhams in 2025. They also increased their dividends to shareholders to more than 3.7 billion dirhams, despite a decline in global oil prices and reduced fuel imports, which amounted to 6.9 million tons at a lower cost of 47.1 billion dirhams. Meanwhile, the companies continued to generate high profits, expand their networks, and increase their investments amid growing competition in the market.
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