Morocco’s sole oil refinery still struggles to survive after 3 years | The Malaysian Insight

📆 6/23/2019 11:16 AM
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Morocco’s sole oil refinery still struggles to survive after 3 years

Morocco's sole oil refinery is still struggling to attract a buyer after being liquidated in 2016. – AFP pic, June 23, 2019.

THREE years after it was liquidated for racking up billions of euros worth of debt, Morocco’s sole oil refinery and one-time economic flagship is struggling to attract a buyer and survive. A self-declared “national front” – comprising employees, economists and union leaders – is leading the charge to salvage refining company SAMIR, while a trade court desperately seeks a new owner.

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