MOROCCO

MOROCCO (in North Africa)	CAPITAL: RABAT POPULATION: 34 mm AREA (on): 446,600 km² OIL PEAK: 1963
SUPPLY Minor amounts of oil have been produced onshore from the Essaouira and Rharb basins, however significant discoveries have never been made despite a series of exploration campaigns, both onshore and offshore. Exploration continues offshore and there are recent efforts in deep waters but only small amounts of new onshore oil production is forecast. Limited gas production has also been achieved onshore. There are few prospects for significant growth but output may increase slightly over the next decade. DEMAND Morocco imports nearly all of its oil. However consumption has increased due to above average economic growth in this part of North Africa. Nevertheless higher prices will eventually quell demand growth. Morocco consumes very little gas and imports none at present.


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