Cash-Strapped Samir Shuts Morocco’s Refinery Temporarily

Moroccan refiner Samir has halted crude oil processing at its Mohammedia refinery because of financial difficulties, the company has announced. Samir has shut down production temporarily, but will continue delivering refined products from stocks until crude processing is restarted.

Samir expects to resume crude processing shortly, since 2mn barrels of crude oil is due to be delivered to the plant during 15-18 August. Although the plant’s nameplate crude processing capacity is 200,000 b/d – since an upgrade from 120,000 b/d was completed in 2012 – the plant has not achieved that rate.

JODI data show the plant’s throughput varies widely on a month-to-month basis (see chart). Refinery runs peaked at 167,000 b/d in March 2014, before setting a recent low of 58,000 b/d in January 2015. The latest monthly average available was 107,000 b/d for May 2015. (CONTINUED - 295 WORDS)