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2 clusters · 2 sources · 21 days · First seen · Last updated

SAMIR refinery shutdown and Moroccan energy concerns

Overview

The continued shutdown of the SAMIR refinery has become a significant point of economic and political contention in Morocco. Hussein El Yamani, Secretary General of the National Union of Petroleum and Gas, described the closure as one of the “greatest losses to the Moroccan national economy,” noting that the facility could produce over 4 billion liters of diesel annually. El Yamani suggested the refinery could have generated approximately 24 billion dirhams in annual profits from diesel alone, attributing the shutdown to “orchestrated bankruptcy” by the former owner and a lack of political action.

Following these concerns, the National Front for the Salvation of the Moroccan Petroleum Refinery criticized the government for omitting the SAMIR refinery and fuel price regulation from its official program. The group argued that ignoring these issues undermines government credibility and threatens national energy sovereignty. They called for an end to the liberalization of fuel prices and advocated for restarting the refinery to mitigate inflation and protect consumer purchasing power amidst global energy instability.

Entities

Samir · Morocco · National Front for the Salvation of the Moroccan Petroleum Refinery · National Union of Petroleum and Gas

Timeline

  1. [BUSINESS] 2 sources
    Moroccan National Front criticizes exclusion of SAMIR refinery from government program

    The National Front for the Salvation of the Moroccan Petroleum Refinery criticizes the Moroccan government for excluding the SAMIR refinery restart and fuel price regulation from its official agenda.

  2. [BUSINESS] 2 sources
    SAMIR refinery shutdown causes major economic losses in Morocco

    The head of Morocco's National Union of Petroleum and Gas warns that the SAMIR refinery's shutdown costs the economy billions in lost annual profits and threatens national energy security.

Sources

alyaoum24.com · assabah.ma