VOL. XXXIX

No. 22

26-February-1996

MOROCCO

Morocco Privatizes Samir Refinery

Morocco's Minister of Privatization, Mr. Abderrahman Saaidi, announced on 22 February that the state-owned Samir refinery would be privatized and that subscriptions for shares would be opened on the country's stock exchange on 4-12 March. The Societe Marocaine de l'Industrie du Raf- finage (Samir) refinery has a capacity to process 6.45mn tons of crude oil annually (approximately 129,000 b/d) and supplies 75%...