USTDA Facilitates Energy Security in Morocco
September 23, 2015
(USTDA)
RABAT, Morocco – Yesterday, the U.S. Trade and Development Agency signed an
agreement with Nador West Med SA to fund a feasibility study that will support
the implementation of a hydrocarbon storage, blending and distribution terminal
at the Port of Nador West Med, Morocco. By providing technical and transaction
advisory services, USTDA’s feasibility study will assist with Nador West Med’s
planned private sector concession of the hydrocarbon terminal.
“This USTDA grant is emblematic of our shared vision of Morocco’s role in the
regional economy,” said U.S. Ambassador Dwight L. Bush Sr., who signed the
agreement with Jamal Benjelloun, the Director General of Nador West Med. “It
demonstrates our support for Morocco’s goals to strengthen its economy and
develop its provinces. We are thrilled to be part of the development of the
Nador West Med complex. It will improve Morocco’s energy security and promote
trade throughout the region.”
The feasibility study will provide a pre-front-end engineering (FEED) technical
assessment of the storage and distribution platform, which would include the
design and specifications for all of the control, electrical, pumping, valve and
distribution systems. In addition to these analyses, the study will focus on
the transaction of the concession, including the development of an
implementation timeline as well as a sophisticated sales and marketing effort.
Lixia Capsia Gestionis LLC (Wilmington, Del.) will lead the feasibility study
with the technical support of three specialized U.S. engineering, finance and
transaction advisory service firms.
The development of the terminal, which supports Morocco’s energy security goals,
will facilitate trade with neighboring countries and the region. By the time
the project is complete, the terminal could store over 4.5 million barrels of
bulk hydrocarbon products.
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