Middle East Economic Survey
VOL. XLVIII
No 50
12-December-2005
MOROCCO
Moroccos Samir Signs $605mn Financing Agreement
Moroccan oil refiner Samir signed an agreement on 3 December with lenders to receive loans for the upgrade of its Mohammedia refinery, MEES learns. The financing agreement totals $605mn, which includes $175mn worth of cover (possibly rising to $210mn) from Italian export credit agency (ECA) SACE; a local bank tranche of $265mn being provided by Wafabank, Banque Marocaine du...
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