First Independent Mena Newspaper
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 […]