Morocco: Samir crisis shows no signs of abating
Issue 319
- 10 Mar 2016
| 2 minute read
Amid continued questions over Saudi billionaire Mohammed Hussein Al-Amoudi’s ability to fund the turnaround of Société Marocaine d’Industrie de Raffinage (Samir), the company that owns the embattled refiner remains committed to resuming production, its Mohammedia-based president-director-general Jamal Ba-Amer said following the latest court hearings. Creditors have been seeking repayments at the Casablanca Tribunal de Commerce, where Samir on 7 March lodged a new recovery plan, which showed the company could emerge from its current difficulties. But there is growing scepticism in Morocco that its sole refiner can survive in its current form.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register