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Russian diesel shipment headed to Morocco
The article concerns a shipment of approximately 40,000 tons of low-sulfur Russian diesel heading toward Morocco, following Moscow's restart of its oil exports after the easing of certain U.S. restrictions on Russian petroleum product exports beginning October 10, 2023. This shipment marks one of the initial export operations under the new licenses that permit the sale and transfer of Russian petroleum products. Morocco's diesel imports from Russia had already increased by 13% in the first half of 2023, and American data indicate that Morocco continues to boost its imports of Russian diesel by over 20,000 barrels per day. This shipment raises questions about its impact on local fuel prices, which have surpassed 16.30 dirhams per liter, as well as its significance in diversifying Morocco's energy sources and its effect on the national market following the liberalization of fuel prices in 2015.
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