North Africa

Morocco

Whilst Morocco doesn’t have the oil or gas riches of some of its neighbors it is a beacon of (relative) stability in an often turbulent region.

State of Play

A stand out among Mena energy importers as being both stable and relative economic success, Morocco is also the regional leader in terms of solar power – though, again, this says as much about the competition as about Morocco. Recent gas discoveries hold out the prospect of reduced energy dependence on Algeria.

2019 In Numbers

Gas Output	0.084	bcm
Oil Rig Count	1
Debt	78.08	$bn
Debt to GDP	64.41	%

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

Economics & Finance

10 Apr, 2020

Featured

Coronavirus Pushes Morocco To Draw On $3bn IMF Credit Line

Morocco had a $3bn IMF credit line since 2012 but never drew it. Covid-19 has changed that. The EU has chipped in $500mn more. Will it be enough?

Morocco Has Enjoyed Steady Growth Over The Years But Is Set For A Recession In 2020 (GDP Growth %)

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NEWS IN BRIEF

Morocco Tenders 400MW Solar

7 Feb, 2020

Morocco Extends Coal Deal

31 Jan, 2020

Morocco: Minnow Bags Deepwater Block

20 Sep, 2019

Morocco Gas: Drilling Flop, No Cash, Fire Sale

24 May, 2019

2: Morocco Gas Consumption: Reduced Transit Shipments Have Seen Rabat Paying For A Record Share Of Supplies (Mn CFD)

Morocco Has Enjoyed Steady Growth Over The Past Few Years But Is Set For A Recession In 2020 For The First Time In More Than Two Decades (GDP Growth %)

Morocco’s Total Trade* In 2018 (%): Algeria’s Tiny Share Pales In Comparison To Morocco’s Mediterranean Neighbors

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