Morocco’s only refinery is due to be shut down, announced Al Arabiya recently.
Societe Anonyme Marocaine de l’Industrie du Raffinage (SAMIR), will shut down its facilities in Mohammadia—on the outskirts of Casablanca—due to financial difficulties.
The closure will leave Morocco without any domestic fuel processing, important as the nation is the fifth-largest consumer on the continent. SAMIR had sought financing earlier this year from international investors, securing commitments of around $600m.
The plant, which has an operating capacity of 200,000 b/d of crude oil, stated that it will remain open while it waits for a shipment of approximately 2m barrels to process them when they arrive. Reuters reported that a source at the factory told the news agency the factory is already closed, but still has stocks of diesel to supply to customers.