Moroccan petroleum consumption reviewed
The Moroccan External Commerce Bank recently reported that 21.4 billion Moroccan dirhams ($1.8 billion) were spent on energy consumption in 2000—representing a 64 percent rise compared with the previous year. Meanwhile, Moroccan spending on petroleum hit MD 14.7 billion in 2000 compared with MD 8.9 billion in 1999.
The same reports revealed that domestic petroleum related product consumption amounted to 6,506,000 tons in 2000, compared with 6,960,000 tons the previous year. These figures translate into a 6.5 percent fall.
On the other hand, production of electricity in Morocco rose to 13,942 annual gigawatts at the end of December 2000, up from 13,265 gigawatts at the end of December 1999. These figures imply a 5.1 percent increase. –(MENA Report)
© 2001 Mena Report (www.menareport.com)