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Morocco Energy Situation

From energypedia
Revision as of 09:53, 4 April 2011 by ***** (***** | *****)

Overview

Kingdom of Morocco
 
Flag of Morocco.png

 
Location Morocco.png

Capital

Rabat (34°02′N 6°51′W)

Official language(s)

Arabic

Government

Constitutional monarchy

King

Mohammed VI

Prime Minister

Abbas El Fassi

Total area

710,850 km2

Population

32,200,000 (2009 estimate)

GDP (nominal)

$104.031 billion

GDP Per capita (nominal)

$3,161

Currency

Moroccan dirham (MAD)

Time zone

WET (UTC+0)

Calling code

+212





 

Morocco is located in North Africa and has borders to Algeria and Western Sahara, with coasts towards the North Atlantic Ocean as well as the Mediterranean Sea (see map). In Morocco, a Mediterranean climate is prevalent and in the north-west, it becomes more Saharan-continental and thus extreme to the south-west and southern regions. The Atlas-Mountains run from the south-west to north-east and form the climatic border: in the north-western part, summers are dry and warm, the winters mild and rainy. East of the Atlas Mountains, the climate is continental, with hot summers and cold winters, with little rain. The wind is generally highest at the northern and south-western coast and on the eastern part of the Atlas-Mountains. The official language in Morocco is Arabic, but there are also Berber dialects spoken and French often is the language of business, government and diplomacy. Morocco is a constitutional monarchy with Mohammed VI as the king who appoints the prime minister. The current prime minister is Abbas al-Fassi, voted into office at legislative elections held in October 2007 which can be considered as relatively free, but with a very low voter participation (37 % of which 19 % proved invalid). Foreign policy is oriented towards the West. Morocco aims to mediate between Arabic, African and international partners and has close connections to other developing countries with similar intentions.1 A potential for conflict is the unresolved status of Western Sahara, which Morocco claims, but is under an UN-administered cease-fire status since 1991. As the Sahrawi Arab Democratic Republic (Western Sahara) has been accepted by the African Union, Morocco since then left the union. Morocco is a member of the WTO and has signed free trade agreements with the European Union, the United States and Turkey. In 2008, Morocco got the status of »statut avancé«, which gives access to more European programmes. In addition, it is part of a free trade zone with Egypt, Tunisia and Jordan. In 2007, the main export partners were France (27.9 %), Spain (20.8 %) and UK (5.2 %), import partners were France (15.8 %), Spain (10.4 %) and Italy (6.4 %). Morocco is strongly involved in co-operations of North African as well as European countries bordering the Mediterranean Sea.2 Although the main trade partner is still the EU and Africa only accounted for 5.6 % of foreign trade transactions, its trade with other countries of the Arab Maghreb Union is steadily growing and doubled from 2004 to 2008 to around 1.4 billion €. Morocco has also signed the Agadir Agreement to establish a free trade zone between the Arabic Mediterranean nations with Tunisia, Egypt and Jordan, in effect since March 2007.3 Experts of the World Bank, other banks and investment companies see large potential for economic growth in Morocco and classify the country as a potential market of the future.4 In 2008, the inflation rate was 4.6 %. In 2007, 15 % of the´Moroccan population lived below the poverty line.5 The per capita income in Morocco is within the middle group of African countries.

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