Morocco Shifts Gears: A Look at the Declining Energy Imports and Rising Investments
Morocco’s morocco-imminent/” title=”Sound Energy: Morocco Poised for Natural Gas Production”>energy landscape is undergoing a fascinating transformation. According to the Moroccan Foreign Exchange Office, the nation saw a significant 20.4% drop in energy imports in 2023, totaling 122 billion dirhams compared to the previous year. This shift signals a potential move towards energy independence and a changing economic landscape.
The decline is largely attributed to a sharp decrease in diesel and fuel oil imports, accounting for over half of the reduction in energy product supplies. This decrease could be linked to several factors, including the global push for renewable energy sources and the fluctuating prices of fossil fuels in the international market.
But it’s not just about cutting back. Morocco is actively
