Morocco
Carlyle could get trial after all in Samir row against insurers

A general view shows the Samir oil refinery in Mohamadia, Morocco.
A general view shows the Samir oil refinery in Mohamadia, Morocco. © Reuters
Carlyle has tried unsuccessfully for years to convince US courts that it was robbed by Morrocan refinery operator Samir and should therefore be compensated by its insurance. But an appeals court has just reversed the ruling against it, reviving the hopes of the beleaguered US fund. [...]
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Oil companies ready to do battle over future of leading African refiner SAMIR

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.

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