| Morocco to get $500m in aid |
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Morocco imports nearly all its oil at a cost of more than $2.5bn a year. But by the end of the first quarter of 2008, Moroccan crude oil imports had cost 8.14bn dirhams, 68.9% higher than the same period in 2007, according to official figures. The soaring bills are a direct result of the rising price of oil on the international markets.                |
Rabat - Saudi Arabia has decided to grant Morocco $500m to mitigate the effects of rising energy prices, Morocco's Foreign Ministry announced on Monday.
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