According to the Minister of Energy Transition and Sustainable Development, Leïla Benali, the situation of the strategic national stock of petroleum products is satisfactory, according to the available data.
Leïla Benali reassures. Responding to an oral question in the House of Councilors on April 19 on the “strategy for preserving the Kingdom’s energy sovereignty”, the minister assured that the national stock of petroleum products is sufficient to cover between 30 and 40 days of consumption, depending on the type of product. She added that this situation is the one that prevailed for 20 years. Regarding natural gas, Leïla Benali said that the quantities available and the prices of this material at the level of the national market inspire optimism, adding in this sense that despite the difficult global situation, contracts have been concluded with international companies. to source this material.
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Also, the minister let it be understood that within the framework of the ambitious policy adopted by Morocco to increase the level of the reserve stock and meet the needs of the national market in energy products, her department is looking into supporting projects programmed by the private sector for the creation of an additional global capacity for the storage of petroleum products, an investment of approximately 3 billion DH by 2023.
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In this regard, she indicated that the Ministry is also examining the possibility of setting up a new management system for the reserve stock, within the framework of a public-private partnership, and the careful monitoring of the situation of the national energy sector, in addition to the proposal of adequate measures that must be adopted in case the sector faces shocks or fluctuations, in addition to the measures necessary to guarantee the energy sovereignty of the country, including the legal framework.