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Morocco Needs Two Oil Refineries, Says National Front
๐Ÿ‡ฒ๐Ÿ‡ฆ Morocco /Economy & Trade

Morocco Needs Two Oil Refineries, Says National Front

From Hespress · (18m ago) Arabic

Translated from Arabic, summarized and contextualized by DistantNews.

TLDR

  • Morocco needs at least two oil refineries to meet its national demand, according to the National Front for the Rescue of Moroccan Oil Refining.
  • The country's current consumption of diesel alone is around 6 million tons annually, exceeding the capacity of the existing Samir refinery.
  • Reviving the Samir refinery and building a second one are crucial for enhancing national energy security and sovereignty.

The debate surrounding Morocco's energy independence and self-sufficiency has been reignited with a strong call from the National Front for the Rescue of Moroccan Oil Refining (FNSRMP) for the nation to bolster its refining capacity. The FNSRMP asserts that Morocco's current situation, marked by increasing reliance on imports and significant energy security concerns, necessitates not only the revival of the dormant Samir refinery but also the construction of a second, comparable facility. This position is rooted in the stark reality of national consumption patterns. As highlighted by Al-Hussein Yamani, head of the FNSRMP, the demand for diesel fuel alone hovers around 6 million tons per year. This figure significantly outstrips the maximum production capacity of the Samir refinery, which stands at approximately 3 million tons. Consequently, even with Samir fully operational, Morocco would still struggle to meet its domestic needs with a single refinery. From our perspective in Morocco, this is not merely an economic issue; it is a matter of national sovereignty. Our reliance on imported refined petroleum products leaves us vulnerable to global market fluctuations and geopolitical instability. The FNSRMP's argument that two refineries are essential to cover basic needs underscores the urgency of the situation. Furthermore, the cost of building a new, modern refinery is estimated at around $10 billion (100 billion Moroccan dirhams), a substantial investment that must be weighed against the strategic imperative of energy security. The FNSRMP also points out the irony that the Samir refinery is currently being offered for sale at a fraction of the cost of building a new one, suggesting that rehabilitation and reactivation could be a more financially prudent and strategically sound option in the short term. The broader economic benefits, including job creation and reduced import dependency, make this a critical national discussion.

The revival of the 'Samir' refinery remains a central national demand and an urgent strategic necessity.

โ€” HespressStating the FNSRMP's core demand regarding the Samir refinery.
DistantNews Editorial

Originally published by Hespress in Arabic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.