In light of the official recognition that the national stock of hydrocarbons is below legal (38 as opposed to 60 days), and based on the significant transformations in the petroleum market and its derivatives, the National Office of the National Petroleum and Gas Union, a member of the Democratic Confederation of Labor warned that the Mohammedia refinery would be ready to provide 67% percent of Morocco’s oil needs.
The National Office of Petroleum and Gas Union, a Democratic Confederation of Labor member, warned in a statement that the Mohammedia refinery would be ready after eight months of reclamation with a budget of approximately 2 billion Moroccan dirhams, to provide 67% of Morocco’s oil material needs. (Gasoline-gas-kerosene-fuels and asphalt), with an export surplus of roughly 2 million tons per year of semi-manufactured products, mainly used as raw materials in the petrochemical industries.
The union explained in a statement that, based on Morocco’s 2021 consumption of petroleum products and the prominent location of the refinery near the oil port and significant residential communities, for the Kenitra El Jadida axis, the vast storage capacities of the former Samir Company alone can guarantee Morocco’s stock consumption for about 71 days, of which 66 days are in Mohammedia, and six days in Sidi Kacem, that is associated with the latter by an underground tube.