VOL. XLV

No 21

27-May-2002

MOROCCO

Samir To Raise Funds InInternational, Local Markets For Upgrading Refinery

Moroccan refiner Societe Anonyme Marocaine de l棚ndustrie du Raffinage (Samir)plans to raise funds for the upgrade of its Mohammediaplant (MEES, 1 and 29 April) on boththe international and local markets, MEESunderstands. Of the project痴 estimated $720mn total cost, Samir will need to raise $600mn in external funding. Ofthis $600mn, the company intends to secure $450mn in the international...