SAMIR is Planning to Invest $650 Million to Expand Refinery in Morocco

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Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). SAMIR (Societe Anonyme Marocaine de l'Industrie de Raffinage) (Mohammedia, Casablanca) is planning to invest $650 million to expand its refinery in Morocco. The expansion will include new units, such as a vacuum distillation unit, hydrocracker, hydrotreaters, visbreaker, hydrogen, sulfur recovery, amine regeneration, and cogen unit. The purpose of the project is to satisfy the demand for oil products in the domestic market by 2010. Construction on the expansion will commence in early 2006 and will allow the company to enhance oil product specifications. The overall project management contractor for the expansion is Foster Wheeler Energy, Limited (Reading, England). Snamprogetti S p A (San Donato Milanese, Italy) is performing engineering, procurement, and construction services and expects to complete mechanical installation in 2008.

Morocco has two refineries, Samir Oil Refinery at Mohammedia and Sidi Kacem, with a combined capacity of 154,901 barrels per day. Samir was a state-owned refinery until 1997. It was at that time that the company was privatized. As a result of its privatization in 1997, the Swedish registered Corral Petroleum bought a 67.7% stake in the refinery together with a 73.88% stake in the Societe Cherifienne des Petroles (SCP) Refinery at Sidi Kacem Refinery for $468 million. The Samir refinery produces 80% to 90% of the country's refined petroleum products.

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