Middle East Economic Survey

VOL. XLVIII

No 12

21-March-2005

MOROCCO

Samir Refinery Reports Net Profit Of $57Mn For 2004

Moroccan refining company Société Anonyme Marocaine de lIndustrie du Raffinage (Samir) on 14 March reported a net profit of MD474mn ($57mn) for 2004. The company said that its operations had returned to normal during the course of the year. In November 2002 a fire at the Mohammedia refinery caused major damage and forced the country to tender for products on the open market (MEES...