Morocco's crude oil imports rise by 5.1% in 2006
2007-02-06
Morocco's crude oil imports reached $2.9 billion in 2006, rising by 5.1% compared to 2005, figures released by trade regulator Office des Change show. The oil bill increase was attributed mainly to the hike in international crude oil prices -- the average price of an imported tonne increased by 18.4% in 2006. The volume of crude oil imports reached 6.26 million tonnes in 2006, an 11.3% decrease compared to 2005, while Morocco's gas imports reached 880 million tonnes, a 30.8% increase compared to 2005. The bulging energy bill was mainly responsible for Morocco’s widening trade deficit, which increased by 10.7% in 2006. (MAP)
This content was commissioned for Magharebia.com.
Loading
Email to a friend
Print version
We welcome your comments on Magharebia's articles.
It is our hope that you will use this forum to interact with other readers across the Maghreb. In order to keep this experience interesting, we ask you to follow the rules outlined in the comments policy. By submitting comments, you are consenting to these rules. While Magharebia.com encourages discussion on all subjects, including sensitive ones, the comments posted are solely the views of those submitting them. Magharebia.com does not necessarily endorse or agree with the ideas, views, or opinions voiced in these comments. This is a moderated forum. Comments deemed abusive, offensive, or those containing profanity may not be published.
Magharebia's Comments Policy