Moroccan court has given Samir's refinery another six months to restart production, after it had been previously announced it would resume production in mid-June.

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

Morocco's sole oil refiner Samir will resume operating in mid-June after financial difficulties halted its production since August 2015.

Morocco's sole oil refiner Samir issued a profit warning saying that its 2015 results are expected to show a widening loss after production was halted last year and its bank accounts were frozen. The company is seeking an out-of-court settlement with creditors, expected by end March.