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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. [...]
Who is ready to take Corral's place at SAMIR ?
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. [...]