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Rabat – Morocco’s diesel stockpile will only last for 26 days, according to the country’s Minister of Energy Transition and Sustainable Development Leila Benali.
Morocco has an estimated stockpile of 437,000 metric tons of diesel and 83,000 metric tons of gasoline – enough for 43 days, Benali said during a House of Representatives Meeting on Wednesday.
“As of April 11, 2022, the gas reserves that I follow on a daily basis cover the [country’s] needs for 26 days,” said Benali.
The Moroccan Infrastructure, Energy, Mines, and Environment Committee held the to discuss gas and oil in the North African country.
During the meeting, Benali revealed further details about the country’s dwindling supply of oil.
The minister noted that the country aims to have a minimum stock of petroleum products that can last for 60 days, but this has not been the case for 20 years.
“Frankly speaking, unfortunately, this system [to have enough oil reserves for 60 days] has not been successful,” Benali said.
He added that there is only a 34-day stockpile of jet fuel, 83-day stockpile of fuel oil, and enough butane gas to last 26 days.
Read also: Rabat Energy Conference Discusses Energy Transition by 2035
Benali said that the storage capacities of liquid oil products in Morocco have increased by 25% since 2015.
Oil storage capacities increased in Jorf Lasfar, Mohammedia, Laayoune, and Sidi Othman over the last seven years. Morocco spent around MAD 761 million ($77.5 million) to increase the plants’ storage capacity by a combined 270,000 tons.
British audit firm Ernst & Young released in October 2021 a list of the top 40 nations with viability for sustainable energy investment and development.
Morocco placed in the 16th place with a score of 58.1 out of 100, surpassing the likes of Israel (17), Canada (18), and Belgium (26).
Morocco aims to source 52% of its energy from renewable sources by 2030, as well as reducing greenhouse gas emissions by 45.5% by the same year.
