In Focus | Morocco
Oil companies ready to do battle over future of leading African refiner SAMIR
By Philippe Vasset
Published on 20.05.2019 at 04:30 GMT
Reading time 8 minutes
Morocco's SAMIR refining company will find out on July 18 whether it is to be taken over or sold off piecemeal. Its 200,000-bpd refining capacity interests several major companies, notably BB Energy and Glencore, while Spain's Cepsa and Morocco's Afriquia are both keen to get their hands on its storage facilities.
After three years of inactivity, the SAMIR affair has gone into critical phase. The deadline for deciding the future of the refinery has been set for July 18. By that date, Abdelkbir Safadi, the plant's receiver, needs to have found a buyer or the refinery will be sold off piecemeal. Since March 2016 when the company was put into liquidation, a flood
