Buyer walks away from Morocco’s Samir refinery (Written by Peter Ramsay – Editor in chief of Petroleum Economist)

Casablanca, Morocco (Petroleum Economist) September 11, 2020 — London-based infrastructure project financer Elite Capital has told the Moroccan court responsible for the insolvent Samir refinery that it is breaking off talks, ongoing since 2018, to buy the shuttered plant. The 2mn bl/d refinery is Morocco’s only such facility, meaning its closure has left the North[…]

Elite Capital & Co. Withdraws from Significant Negotiations to Purchase the Moroccan Samir Refinery After Discovering Flaw in the Deal

London, United Kingdom (ELITE.CAPITAL) September 10, 2020 — Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited, announced today that Elite Capital & Co. has delivered a reasoned notice to withdraw from negotiations to purchase the Moroccan Samir Refinery to the Barrister responsible for the liquidation in the Commercial Court in Casablanca, Kingdom of[…]