Key Market Indicators
Moroccan crude oil production is expected to reach 1.6 thousand tonnes of oil equivalent by 2026, a decrease of 11.4% from 2021's 3.1 thousand tonnes. Since 1976, production has declined by 7.9% a year on average. In 2021, Morocco was ranked 84th in the world for production, with Moldova overtaking it at 3.1 thousand tonnes. Saudi Arabia, the US and Iraq were the top three producers in 2021.
