"We are working to broaden our cooperation in the energy sphere," Vladimir Putin said rounding off his visit to the North African state.
Russia is looking for new markets for oil and gas, the export commodities that has brought windfall revenues to the state coffers and spurred brisk economic growth. Russia's nuclear power equipment and service export monopoly, Atomstroiexport, said last week it might bid for the contract to build Morocco's first nuclear power plant, with construction to be completed in 2016-2017.
Putin also said Morocco was a reliable and promising partner for Russia.
Since King Mohammed VI of Morocco last visited Russia in 2002, when the leaders signed a declaration on strategic partnership, bilateral relations have intensified both in the political and economic spheres, the president said.
The two countries' foreign ministries have held regular meetings focusing on conflicts in the Middle East and African problems.
Bilateral trade turnover has tripled since 2002, Putin said emphasizing that machinery, equipment and chemical products featured among Russia's exports to Morocco.
