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. (CONTINUED - 295 WORDS)