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Decrease in royalties paid to Morocco for the Maghreb-Europe gas pipeline

At the end of the first quarter, the royalties collected by Morocco on the Maghreb-Europe gas pipeline decreased by 9.5% compared to the same period in 2018, says the General Treasury of the Kingdom (TGR). Morocco thus received 436 million dirhams. This figure represents 28.9% of the expected annual forecast fees for the year 2019.

At the end of 2018, the royalties paid to Morocco reached 1.53 billion, which was then a marked increase compared to 2017 when the Kingdom collected 1.01 billion. This rise reflected an increase in Algerian gas exports to Europe through the Maghreb-Europe gas pipeline.

According to the National Office of Hydrocarbons and Mines, 9.45 billion m3 of gas was transported to Europe via this pipeline that crosses Morocco. This figure has increased by 18.9% compared to 7.95 billion m3 passing through 2017. The Maghreb-Europe gas pipeline supplies part power plants of the Tajetdart (384 MW) and Ain Beni Mathar (470 MW).

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