Morocco Energy Stocks Solid, PM Akhannouch Confirms

Morocco's PM confirms energy reserves are sufficient for two months, ensuring stability amid global tensions.

Morocco Energy Stocks Solid, PM Akhannouch Confirms

Image: lavieeco.com

Morocco's Prime Minister Aziz Akhannouch confirmed on April 28, 2026, that the country's energy stocks are solid and sufficient for at least two months, according to a statement from his office. The announcement comes amid global energy market volatility due to geopolitical tensions.

Speaking at a press conference in Rabat, Akhannouch stated that strategic reserves of petroleum products and natural gas are at adequate levels to meet domestic demand. He emphasized that the government has implemented contingency plans to ensure uninterrupted supply.

The Prime Minister also highlighted ongoing efforts to diversify energy sources, including investments in renewable energy projects such as solar and wind power. Morocco aims to increase the share of renewables in its energy mix to 52% by 2030.

Energy experts note that Morocco's storage capacity and import agreements provide a buffer against potential disruptions. The country imports most of its energy needs but has been expanding domestic production.

❓ Frequently Asked Questions

How long are Morocco's energy stocks sufficient for?

Morocco's energy stocks are sufficient for at least two months, as confirmed by Prime Minister Aziz Akhannouch on April 28, 2026.

What is Morocco's renewable energy target for 2030?

Morocco aims to increase the share of renewables in its energy mix to 52% by 2030, with investments in solar and wind power.

Why did Akhannouch make this statement?

The statement was made to reassure the public and markets amid global energy market volatility due to geopolitical tensions.

πŸ“° Source:
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