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Tag: Samir
Morocco needs to have its own refining capacity
Morocco’s only refinery has been idle since 2015 over unpaid taxes and legal hurdles, leaving the country prey to dependence on refined oil imports and ... Read More
Is Morocco planning to restart its sole refinery?
The recent decision by the Moroccan state to rent the storage platforms of Samir refinery was seen by staff and analysts as a first step ... Read More
Morocco’s Samir Refinery Receives $3bln Buyout Offer
A breakthrough may be near in the long-running crisis that forced Morocco’s sole oil refinery Samir into closure after the court-appointed manager of the refinery ... Read More
Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery
Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move ... Read More