VOL. XLI

No. 41

12-October-1998

MOROCCO

Samir Board Approves Merger With SCP

Moroccos two refineries, Samir and Societe Cherifienne desPetroles (SCP), have agreed to merge after a year of negotiations. Samirs board ofdirectors recently approved the merger after a study of legal and financial incentives.The two companies hope that the merger will cut costs and boost productivity. There arealso unconfirmed plans for investment of some $500mn over a five-year period to improveinfrastructure and...