Société Marocaine d’Industrie de Raffinage Dh45 billion restructuring

Overview:

• Samir (Société Marocaine d’Industrie de Raffinage) Morocco's sole oil refinery, is undergoing a Dh45 billion restructuring. 
• The Moroccan Customs and Indirect Tax Administration seized the assets of the oil company in August 2015 due to unpaid taxes, according to an August 14, 2015 Reuters article.
• In March 2016, the courts ordered the company into liquidation.  
• Corral Petroleum Holding holds a 67.27% stake in Samir.
• Holmarcom is also a shareholder. 

Rani Mehta - Journalist