Morocco to Invest $300 Million in Fuel Storage Expansion Amid Energy Crisis

Energy Minister Leila Benali had announced that Morocco’s safety stock of diesel, the most consumed fuel, as of April 11, was barely 26 days, when it should be 60 days according to the law.

As a result, some have expressed concern about the insufficient level of security of petroleum products, blaming the distributors. For them, this deficit is not cyclical. It is rather attributable to a structural problem directly linked to the insufficiency of national storage capacities.

It is inconceivable that distributors have never exceeded 30 days of stock even when the price of a barrel was at reasonable, even low, prices, they stressed.

At a press conference, the minister specified that the government has planned an investment of 3 billion by 2023, of which 2 billion for liquid petroleum products and 1 billion for butane gas for storage infrastructure.