Morocco: production volume of oil products | Statista (2024)

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Morocco: production volume of oil products | Statista? ›

In 2020, Morocco produced a volume of 139,400 barrels per day of oil products. This amount remained the same for the years under review. Furthermore, Morocco recorded one of the lower production volumes of the said products among the Arab countries.

In 2020, the volume of crude oil production in Morocco was around 50 barrels per day. This was the lowest volume for the years under review. Conversely, the highest volumes were in 2016 and 2017, which saw a production of 160 barrels per day.

As of 2022, Morocco had an oil refining capacity of 200 thousand barrels per calendar day. The country had registered a capacity of 200 thousand barrels per calendar day since 2012. Overall, the capacity of oil refinery in Africa was reported at around 3.72 million barrels per calendar day in 2022.

Morocco holds 684,000 barrels of proven oil reserves as of 2016, ranking 97th in the world and accounting for about 0.000% of the world's total oil reserves of 1,650,585,140,000 barrels.

Historical Data

In 2022, Morocco imported $8.59B in Refined Petroleum, mainly from Saudi Arabia ($2.98B), Spain ($1.81B), Italy ($755M), Russia ($602M), and United Kingdom ($374M).

Morocco is the world's largest exporter of hashish, the resin from cannabis.

The United States has become the leading global oil producer in the modern oil environment, holding the top spot followed by Saudi Arabia and Russia. Iran, Kuwait, and Iraq all rank highly in the top 10 oil-producing countries.

The major resources of the Moroccan economy are agriculture, phosphate minerals, and tourism. Sales of fish and seafood are important as well. Industry and mining contribute about one-third of the annual GDP.

The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products. Major imports are semimanufactures and industrial equipment, crude oil, and food commodities.

It also boasts vitamin E and linoleum acids to lightly moisturize your skin, soften dry patches, and even reduce acne scars. Moroccan oil is considered anti-aging, meaning it can help lessen the appearance of fine lines and wrinkles, and prevent sun damage.

What oil is Morocco famous for? ›

Argan oil has a sweet, nutty flavor that's perfect for a wide variety of foods. It's also known as one of the rarest culinary oils in the world. The oil comes from the argan tree, which is native to Morocco. The fruit is peeled away and the seeds are dried, roasted, and pressed to extract the oil.

Oil Shale deposits represent In Morocco a significant potential resource. The ten known Oil Shale Deposits in Morocco contain over 53 billion barrels of oil in place. Moroccan Oil Shale Deposits constitute about 3.5 % of the world's known oil shale resources.

Saudi Arabia is the world's largest oil exporter, followed by Russia and Canada. Norway, Nigeria, and Kazakhstan round out the list of top 10 oil exporters.

Saudi Arabia is the world's largest oil producer and accounts for roughly 15% of global output.

The three leading exports are agricultural produce (citrus fruits and market vegetables), semiprocessed goods and consumer goods (including textiles), and phosphates and phosphate products.