Morocco is directly impacted by these fluctuations given that the country imports almost its total needs in vegetable oils, oilseeds and meals. The high dependence on imported vegetable oils and oilseed products has a detrimental effect on the economy of Morocco and weighs heavily on the country’s trade balance.
What was the first phase of the Morocco drilling campaign?
The first phase of the Morocco drilling campaign consisted of three appraisal/development wells in SDX’s operated Gharb Basin acreage in Morocco (SDX: 75% working interest). The first well, OYF-3, which spud on 30 April 2021, reached its TD at 1183 m MD on 11 May 2021.
How many vegetable oil refining plants are there in Morocco?
There are 2crushing units and 5vegetable oil refining plants in Morocco. These plants accounts for crushing capacity of 620,000tons/year and a refining capacity of 770,000tons/year.
What oilseeds are grown in Morocco?
Several annual oilseed species have been grown in Morocco: sunflower, rapeseed, groundnut, soybean, sesame and safflower. Their cultivation area has continued to decline since the 1990s following several factors, in particular the abolition of guaranteed minimum price and liberalization of the sector.