The North Africa Journal: $1.2 Billion for an Oil Refinery in Morocco $1.2 Billion for an Oil Refinery in Morocco ================================================================================ The North Africa Journal on 26 December, 2008 02:40:00 The various partners in this project agreed to invest MAD 10 billion or some $1.2 billion on a new oil refinery and surrounding distribution and transport infrastructure. Another $173 million will be spent on related storage facilities in the Tangier port of Tanger-Med in the north of the country.