News
15 September 2020

Elite Capital ends talks for Morocco's Samir Refinery

In:
Oil & gas
Region:
Middle East & Africa

Elite Capital & Co has withdrawn from negotiations to purchase the 200,000 barrel-a-day Samir Refinery in Morocco that closed in 2016 due to financial difficulties. The refinery was valued $2.1 billion by court-appointed experts and its closure has resulted in Morocco being reliant on oil...

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