Middle East Economic Survey

VOL. XLVIII

No 32

8-August-2005

Morocco

Value Of Moroccos Crude Oil Imports Reaches $1.11Bn In 1H 05

The value of Moroccos crude oil imports reached MD9.95bn ($1.11bn) in 1H 2005, a 63% increase over the same period last year when imports totaled MD6.1bn ($682.74mn), according to Moroccos Office des Changes (Exchange Office). The increase was mainly due to record oil prices since imported volumes increased from 2.83mn tons for 1H 2004 to 3.37mn tons for 1H 2005....