First Independent Mena Newspaper
Debate over the future of Morocco’s sole oil refinery, Samir, has resurfaced following a vote in the upper house of parliament rejecting a proposal to transfer the company’s assets to the state, reviving broader discussions over government intervention, energy sovereignty and the cost of fuel in the kingdom. The proposal, which was opposed by the […]
Morocco’s mining and hydrocarbons office ONHYM was tasked with overseeing the supply and the storing of oil after the Moroccan government’s request to rent the storage tanks of Samir refinery was approved by the commercial court. Morocco’s only refiner Samir in Mohammedia has been shutdown since 2015 due to unpaid debt to the state and […]
The judge supervising the liquidation of the Samir refinery has accepted a state offer to rent its storage platforms in order to secure Morocco’s oil needs at a particular context of low prices. The oil storage crisis has sent oil prices plunging to below 5 dollars and prompting production cuts, which may gradually raise the […]