Morocco’s King Places Railway Project at Top of Priorities

Moroccan King Mohammed VI (File Photo: Reuters)
Moroccan King Mohammed VI (File Photo: Reuters)
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Morocco’s King Places Railway Project at Top of Priorities

Moroccan King Mohammed VI (File Photo: Reuters)
Moroccan King Mohammed VI (File Photo: Reuters)

Morocco’s King Mohammed VI has brought back to the forefront the project to create an industrial railway system in Morocco, after three years of stalemate.

The King has publicly called on the competent government sectors, the Ministry of Equipment and Transport and the Ministry of Trade and Industry, to put this project at the top of priorities.

In a speech addressing the Moroccan people on the occasion of the 44th anniversary of the Green March, he said: “I invite the authorities concerned to give serious thought to the development of a rail link between Marrakech and Agadir, as a first step before extending it to the rest of the southern regions."

"We should also expand the road network, which I am seeking to further develop through the construction of the Agadir-Dakhla highway," he said.

The project of the Industrial Railway System dates back to 2015, when the National Railway Plan was developed in accordance with the directive announced by King Mohammed VI, in his speech on the occasion of the 40th anniversary of the Green March in November 2015.

The railway plan aims to increase the number of cities linked by train, from 23 to 43, by 2040, giving priority to the Marrakech-Agadir line, then Tiznit in the south, to the Mauritanian-Moroccan border.

The 2040 rail plan also proposes linking 12 Moroccan ports to the railway network instead of the current 6 ports, and linking 15 Moroccan airports instead of the one current airport, Mohammed V Airport.

The plan’s investment cost is estimated at 400 billion dirhams ($42 billion).



Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
TT

Iraq, Saudi, Russia Stress Need for Stable Oil Market ahead of OPEC+ Meeting

A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration
A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration

OPEC+ members Iraq, Saudi Arabia and Russia agreed in a meeting in Iraq on Tuesday on the importance of maintaining stable oil markets and fair prices, Iraq's Prime Minister Office said on Tuesday.

The talks come ahead of Sunday's meeting of OPEC+, which comprises the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, where OPEC+ sources say it will weigh a possible further delay to plans to raise oil output.

Iraqi Prime Minister Mohammed Shia al-Sudani, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman, and Russian Deputy Prime Minister Alexander Novak attended the meeting.

They discussed "the conditions of global energy markets and matters related to the production of crude oil, its flow to markets, and meeting demand," the prime minister's office said, Reuters reported.

"The importance of maintaining stability, balance, and fair prices was emphasised, while stressing the vital role played by the OPEC+ group in this regard," the office added.

Russian energy minister Sergei Tsivilev and deputy energy minister Pavel Sorokin were also present, according to a photo posted on the X account of the Iraqi prime minister's media office.

OPEC+, which pumps around half the world's oil, has already delayed a plan to gradually lift production by several months this year because of falling prices, weak demand and rising production outside the group.

Despite OPEC+'s cuts and delays to output hikes, oil prices have mostly stayed in a $70-$80 per barrel range this year and on Tuesday were trading below $74 a barrel, not far above a 2024 low reached in September.

Azerbaijan's Energy Minister Parviz Shahbazov told Reuters on Monday OPEC+ may at Sunday's meeting consider leaving its current oil output cuts in place from Jan. 1. The meeting will be held online, OPEC+ sources said.