Sindik, who manages Samir, which has been in liquidation since 2016, is getting ready to enter right into a lease for refinery tanks in favor of a newly shaped Moroccan gas distribution firm after the state deserted the storage possibility in 2020 when oil costs had been on the lowest degree.

In keeping with information obtained by Hespress, a number of weeks in the past the Casablanca Industrial Courtroom dominated permitting Syndic to signal the lease, whereas negotiations are underway to conclude the contract and begin storage.

The “fortunate” firm that will profit from the lease if it was signed is a newly shaped one, led by a former Depository Supervisor official, and has begun opening filling stations in plenty of main cities.

The storage capability of the Samir Oil Refinery in Muhammadiyah included 71 days of assorted fuels, of which 66 days had been fuel and 49 days gasoline.

In keeping with statistics from the Ministry of Vitality Transition and Sustainable Growth, all gas distribution corporations have a inventory of essentially the most used gasoline in Morocco for 38 days, whereas the regulation establishes a assure of at the least 60 days.

In Might 2020, the federal government filed a lawsuit to develop the Samir reservoirs to extend oil reserves, which was accepted, however the lease was not signed at a time when a barrel of oil price about $20.

The brand new strategy to leasing Samir tanks will permit the corporate, which has not been working since 2015, to assist its month-to-month bills with monetary sources. the corporate doesn’t take a look at the transfer with satisfaction as a result of it’s “not essentially the very best deal.”

The union service warned in a press launch of the implications of what it known as “unique tank leases and no requests for proposals for a distribution firm on behalf of which an unique allow is being issued” on the course of Samir’s complete asset switch efforts and on the rights of tenants and pursuits of collectors.

The commerce union physique thought-about that “this resolution is opposite to the foundations of transparency and competitors between stakeholders inside and out of doors Morocco, and can be an unjustified departure from the process for submitting requests for affords to be able to choose essentially the most appropriate provide that can assure the pursuits of Samir and assist to extend the nationwide inventory of oil and gas supplies, in addition to to assist scale back costs within the pursuits of small and enormous shoppers and enhance the circumstances for competitors between sector contributors.

Representatives of the corporate’s workers additionally confirmed that “a protected and assured resolution for the rights and pursuits of all events concerned within the case of Samir will likely be achieved solely by transferring the property cleared of money owed and mortgages to Samir, in accordance with the foundations of Moroccan industrial regulation, for account of the Moroccan state.

The Samir Refinery, situated within the metropolis of Muhammadiyah, was the one refinery out there to Morocco for refining oil, and it ceased operation after it bumped into money owed of over AED40 billion throughout its interval beneath Saudi businessman Muhammad Hussein Al Amoudi, and in 2016, a choice was made to liquidate it, however thus far it has not been potential to overlook it.

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