21 Hrs
Source:
ناظورسيتي
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Layla Benali Discusses Morocco Oil Plans
The Minister of Energy Transition and Sustainable Development revealed that Morocco is experiencing an increasing momentum in oil and gas exploration, with the activity of around ten companies, including both Moroccan and foreign investments. This coverage includes 40 offshore licenses and 9 onshore licenses, in addition to 4 exploitation permits. She also emphasized that the national capacities for storing petroleum products have increased by over 30% between 2021 and 2025, adding more than 17 days to the consumption reserves. The focus is on strengthening storage infrastructure and enhancing the performance of the National Office of Hydrocarbons to ensure energy supply stability in Morocco.
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