Russia continues to increase its oil exports of oil products to African countries in the midst of persistant Western sanctions, increasing by 14% compared to last year.
The Moroccan market is one of the concerned markets for Russian oil exports to Africa.
According to recent data published by S&P Global, “the Kingdom, along with Libya and Egypt, constitute a lifeline for Russian officials who have intensified their diplomatic presence on the continent in order to escape from stifling Western sanctions.”
“Moroccan imports of Russian oil products rose during the month of June at a record rate of 80,000 barrels per day, a number that may be higher in the absence of clear information about Russian ships that land on the Moroccan coast,” said the report.
“When Russian ships reach the Moroccan coast, or other countries on the African continent, it stops the operation of the identification system, which increases the ambiguity about the place of origin of these products.”
Such coastal arrivals have jumped 225% compared to before the start of the Western blockade, specified the same source.
The report stated that “Morocco did not export gas to Europe before the Ukrainian war, but during the current year the Kingdom has become one of the African countries that supply the old continent with energy, as it exported more than 60,000 barrels to Spain, which is believed to have come within the framework of redirecting the flows of Russian oil products.”
Leila Benali, Minister of Energy Transition and Sustainable Development, confirmed that “Morocco’s imports of Russian gas do not exceed 10% of the Kingdom’s total oil imports, with Moroccan oil imports being around 0.2% of the global oil market, and 0.5% of the international gas market.”
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.