VOL. XL

No. 19

12-May-1997

SAUDI ARABIA/MOROCCO

Saudi Private Oil Firm Acquires Majority StakeIn Moroccan Refineries

As projected, the Moroccan Government has clinched the sale to a foreign buyerof its majority holdings in the country's two oil refineries - the 125,000 b/d Samir plant atMohammedia, near Casablanca, and the 25,000-b/d plant at Sidi Kacem owned by Societe Cherifienne des Petroles (SCP). The government has sold its shares in the two refineries - 67.7% of Samirand 73.9% of SCP - to...