Keywords: Fuel market
Moroccan Prime Minister Aziz Akhannouch remains at the center of a broader debate over the relationship between political power and private business, as international reports highlight his wealth, his extensive investments and the economic influence of the Akwa Group. According to figures attributed......
Morocco continues its strategy to strengthen its energy security by enhancing its petroleum product storage infrastructure. The Minister of Energy Transition and Sustainable Development, Leïla Benali, announced before the House of Representatives that several measures are underway to improve the resilience......
Morocco has recently expanded the diversification of its energy supply sources, with new data indicating a growing role for Georgian petroleum products in its import portfolio, highlighting broader shifts in global energy trade routes. According to official Georgian statistics, Morocco ranked seventh......
A growing legal dispute between NNPC Limited and Dangote Petroleum Refinery is drawing national attention as both sides debate the future of fuel imports and competition in Nigeria’s energy sector. The conflict centers on a lawsuit filed by Dangote Refinery against import licences granted to fuel......
Shell has officially canceled plans to build one of Europe’s largest biofuel facilities in Rotterdam, marking a significant retreat from renewable fuels. The decision reflects challenging market conditions and a broader strategic pivot toward fossil fuel investments. The British energy giant announced......
Morocco’s fuel distribution market remains under the tight control of nine major companies, which collectively generated a net profit of MAD 2.3 billion ($230 million) in 2024, according to a newly released report from the Competition Council. Despite signs of market diversification, these distributors......
Global oil prices have seen a significant decline since April, yet Moroccans are feeling little relief at the pump. Amid growing frustration, many blame the government, particularly Prime Minister Aziz Akhannouch, who is also the founder of Afriquia, one of Morocco’s largest fuel distributors. Global......
Morocco’s fuel imports have surged to 1.7 million tons, valued at $1.26 billion, marking a 10.8% increase in volume. This rise has led to a noticeable hike in fuel prices across the country, with diesel increasing by 20 cents per liter and gasoline by 16 cents per liter. In Casablanca, the average......
Morocco's fuel sector demonstrated mixed performance in the third quarter of 2024, with total fuel imports reaching 1.7 million tons valued at $1.26 billion, marking a 10.8% volume increase despite a 9.75% value decline compared to 2023. The revenue of Morocco's nine major fuel distributors......
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