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Morocco rejects nationalising Al-Amoudi's abandoned refinery
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Morocco rejects nationalising Al-Amoudi's abandoned refinery
Morocco's parliament has rejected a proposal to renationalise the SAMIR oil refinery, keeping the shuttered facility closed a decade after it collapsed under more than $4 billion in debt accumulated during the ownership of Ethiopian-born Saudi billionaire Mohammed Hussein Al-Amoudi, whose Corral Morocco Holdings controlled the plant from 1997 until its 2016 bankruptcy brought proceedings to a halt.The rejection was reported by Morocco's state ne…
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