RABAT (Reuters) – A Moroccan court has placed the country’s only oil refiner Samir into liquidation and named an independent trustee, a company source and local media said on Monday.
Samir has 10 days to lodge an appeal against the decision, business news website Medias24 reported. The company said it had no immediate comment.
Samir, controlled by Corral Petroleum Holdings, halted production last August at its 200,000 barrel-per-day (bpd) Mohammedia refinery.
Morocco’s tax administration has since frozen the company’s bank accounts in pursuit of a 13 billion-dirham ($1.3 billion) tax claim. The Moroccan government has said Samir’s total debt…
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