JA DECRYPTION – Faced with rising fuel prices and the cost of energy, Morocco is looking on its own land for alternatives to import of hydrocarbons. If the country is already a (small) producer, the real extent of its reserves remains unclear. The geological data, which is quite similar to that of some of the largest producers in West Africa, nevertheless leaves good hope. To convince oil companies to embark on very expensive exploration projects, the kingdom knows faire show flexibility in its taxation. This is all the more necessary as Rabat does not lack ambition in hydrocarbons, being even ready to build its own refinery.
1. Why is it so important for Morocco to become a producer of black gold?
The growth engines of the Moroccan economy are multiple: agro-food, textile, the car,