Oil imports cost $ 1.14 billion end of september

Moroccan crude oil imports totaled $ 1.14 billion by the end of September when it stood at $ 580 million for the same period in 1999, an increase of 97.4 percent, figures of the Moroccan "Office des Changes" showed. Procurements increased in volume 2.8 percent and contributed 45.2 percent in the value of global imports, mainly due to oil price hikes.

The Office des Changes says crude prices increased within the first nine months of the year from 1.083 dhs a ton to 2.080 dhs.