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Morocco aims to boost energy co-op with Azerbaijan through imports, joint ventures
@Source: trend.az
BAKU, Azerbaijan, July 18. Morocco is
interested in importing oil and gas from Azerbaijan and sees
potential for launching joint ventures in the energy sector, Alaoui
Aziz My Idriss, Head of the Cooperation Department at the Moroccan
Court of Accounts, told Trend.
Speaking during the joint meeting of the Asian Organization of
Supreme Audit Institutions (ASOSAI) and the Arab Organization of
Supreme Audit Institutions (ARABOSAI) in Baku, Aziz praised
Azerbaijan as a dynamic, fast-growing economy and a regional
“We are pleased to discover a country like Azerbaijan with a
vibrant economy and strong potential. It is an emerging economic
power in the region,” he said.
Highlighting the importance of the visa-free regime between the
two countries, Aziz noted that it paves the way for stronger
tourism and business ties.
“There are many untapped areas of cooperation, especially in
tourism. The visa-free regime allows our economic partners easier
access to Azerbaijan’s market. At the same time, Azerbaijan’s
tourism industry can explore Morocco’s appeal as a major North
African destination.
Morocco expects to welcome around 18 million tourists this year
and we hope that Azerbaijani travelers will be among them. In
addition, Morocco is set to host two major international sporting
events — the Africa Cup of Nations and the FIFA World Cup in 2030.
The influx of visitors anticipated for these tournaments is
expected to generate significant investment opportunities,
including for Azerbaijani economic stakeholders,” he said.
Turning to future cooperation, Aziz expressed hope that Morocco
can import Azerbaijani oil and gas and collaborate on joint energy
“Morocco has ambitious plans for the future, and we are hopeful
about establishing cooperation with Azerbaijan in the oil and gas
sector. Morocco is open to importing oil and gas from Azerbaijan,
and there is strong potential for launching joint ventures in this
We also see promising opportunities for collaboration in the
area of renewable energy, with initiatives outlined through to
In addition, Morocco is an emerging player in the automotive
industry. Azerbaijani businesses could consider importing vehicles
from Morocco, where we currently lead Africa in both automobile
manufacturing and exports.
We produce fully assembled vehicles based on French and Japanese
models, and export them to Europe, the Middle East, and Africa.
These vehicles could just as easily be supplied to the Azerbaijani
market as well,” Aziz added.
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