Iraq has made a bid to acquire the Samar refinery, Morocco's only oil refinery, which has been shut down for more than two and a half years due to financial problems that led to bankruptcy.
The Iraqi authorities, according to Moroccan media, reported that an agreement was soon reached with Morocco for the production of the refinery, but with the least amount of money to settle the debts of the refinery, located in the northern city of Muhammadiyah.
The site "Media 24" that Iraq wants to increase its production of oil and its derivatives, where he plans to liquidate 200 thousand barrels per day of crude oil, where he intends to export oil derivatives to Europe and North America.
In addition to the Iraqi offer, which is awaiting the approval of the Moroccan authorities, the group "Otaiba" UAE offer rival, but the Iraqi offer to ensure payment of debts of the refinery, and revive the industrial activity of the refinery is suspended from work, which was welcomed by the Moroccan business community.
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The Iraqi authorities, according to Moroccan media, reported that an agreement was soon reached with Morocco for the production of the refinery, but with the least amount of money to settle the debts of the refinery, located in the northern city of Muhammadiyah.
The site "Media 24" that Iraq wants to increase its production of oil and its derivatives, where he plans to liquidate 200 thousand barrels per day of crude oil, where he intends to export oil derivatives to Europe and North America.
In addition to the Iraqi offer, which is awaiting the approval of the Moroccan authorities, the group "Otaiba" UAE offer rival, but the Iraqi offer to ensure payment of debts of the refinery, and revive the industrial activity of the refinery is suspended from work, which was welcomed by the Moroccan business community.
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