Middle East Economic Survey

VOL. XLIX

No 16

17-April-2006

MOROCCO

Samir Refinery Posts $83Mn Profits In 2005

Moroccos private refinery company Samir announced on 23 March it had made $83.4mn (MD753mn) net profits in 2005, a 59% increase over the $52.5mn (MD473mn) achieved in 2004. Samirs turnover for 2005 stood at $2.9bn (MD26bn), a 50% increase over the $1.9bn (MD17bn) achieved the previous year. The refinery sold 6.9mn tons of petroleum products in 2005 (a 9% increase over 2004), and refined...