SOMAS inaugurates its 4th butane gasoline storage cavity in Mohammedia

Picture credit: Hamza Elgoumhi/LNT

The Moroccan Storage Firm (SOMAS) inaugurated, on Friday, its fourth butane gasoline storage cavity in Sidi Larbi, within the rural commune of Sidi Moussa Ben Ali in Mohammedia. The ceremony befell within the presence of the Minister of Power Transition and Sustainable Growth, Leila Benali.

In line with data supplied by SOMAS, this new cavity, which required an funding of 400 million dirhams (MDH), brings the corporate’s complete storage capability to 310,000 tons, a rise of greater than 55%. This strategic enlargement goals to satisfy the rising market demand and enhance nationwide autonomy in butane gasoline to greater than 40 days.

“This achievement illustrates SOMAS’ efforts for the event of the nationwide vitality sector,” stated Ms. Benali in her speech, stressing that this achievement is completely in step with the federal government coverage of strengthening the storage capacities of vitality merchandise, in accordance with the Excessive Royal Tips.

She additionally famous that “butane gasoline is without doubt one of the most consumed vitality merchandise in Morocco, with a median annual development of greater than 3%. In 2023, its consumption reached 3.2 million tons of oil equal, representing 26% of the nationwide consumption of petroleum merchandise.”

Tawfiq Hamoumi, Chairman of the Board of Administrators of SOMAS, stated: “SOMAS is honored to inaugurate this fourth butane gasoline storage cavity, a testomony to its shareholders’ dedication to Morocco’s vitality future.” He added that “as a part of its technique to assist the nationwide vitality transition, SOMAS goals to additional develop underground storage capacities, thereby strengthening the safety and reliability of Morocco’s vitality provide.”

Khalid Baghri, the corporate’s CEO, famous that “this important enlargement strengthens our skill to make sure a secure and safe provide of butane gasoline, whereas supporting the nationwide vitality transition with sustainable and progressive options.” He additionally confused that this mission contributes to the financial and social growth of town of Mohammedia, notably the commune of Sidi Moussa Ben Ali, with the creation of almost 50 direct and oblique jobs and important enhancements to native infrastructure.

Based in 1974, SOMAS focuses on storage in underground saline cavities, positioned 500 meters deep in salt deposits. These services enable for large storage of LPG, in accordance with strict worldwide security and environmental requirements.

LNT