Samir: who is defending Corral's Amoudi against Rabat? span >
Saudi businessman Mohamed Hussein al Amoudi's Swedish based Corral Morrocco [...]
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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. [...]
Officially, talks aimed at saving SAMIR (Société Anonyme Marocaine de l'Industrie du Raffinage) are continuing between Morocco and the company's principal shareholder, Corral (67% of capital), ahead of an extraordinary general meeting on October 12. [...]