Saudi Aramco Shuts its Subsidiary in Azerbaijan

• Wednesday, 2nd June 2021
• by Editorial Team

Saudi Aramco has announced the liquidation of its subsidiary in Azerbaijan, Aramco Overseas Company Azerbaijan without indicating causes of closure, according to NeftegazRU. Aramco Overseas Company Azerbaijan was esta...

Foreign Group Gave $3b to Embattled Samir Refinery

• Thursday, 29th December 2016
• by Egypt Oil & Gas

The court-appointed manager of Morocco’s only oil refiner, Samir, has received a $3b offer for the business from a foreign conglomerate, Reuters reported. Mohamed El Krimi, who is in charge of the company’s liqu...

Moroccan Refinery Samir to Delay Restarting Production

• Wednesday, 22nd June 2016
• by Egypt Oil & Gas

A Moroccan court has given the country’s only oil refinery, Samir, another six months to restart production, allowing it to have more time to attract buyers, Reuters reported. Samir, which halted production last...

Owner of Moroccan Refiner Samir Pledges to Inject $680m

• Thursday, 12th May 2016
• by Egypt Oil & Gas

Saudi billionaire Mohammed al-Amoudi, Corral Petroleum Holdings owner, is committed to injecting  $680m into its Moroccan refiner Samir, to try to reverse a decision placing it in liquidation, Reuters reported. Morocc...

Morocco Refiner Samir Appeals Court Decision on Liquidation

• Friday, 25th March 2016
• by Egypt Oil & Gas

Morocco’s oil refiner, Samir, has lodged an appeal against a recent court decision that placed it into liquidation and named an independent trustee to run the company, the refiner’s lawyer said, Reuters re...