SAMIR, once a pillar of the Moroccan oil industry, is entering a decisive phase after years of crisis. Founded in 1959, this emblematic refinery’s mission was to guarantee the Kingdom’s energy supply. However, its privatization in 1997 under Corral Holding, owned by Saudi billionaire Mohammed Al Amoudi, marked the start of chaotic management. A colossal debt of 44 billion dirhams and ill-advised strategic choices led to its liquidation in 2016, leaving its infrastructure abandoned.
The scenarios envisaged for the recovery
In 2024, negotiations are underway to relaunch SAMIR, with a stated desire to place it under Moroccan control. Several options are being studied, including partial nationalization or management entrusted to a public entity. The objective is clear: reduce dependence on imports of refined petroleum products and strengthen Morocco’s energy security.
Significant economic potential
The reactivation of SAMIR could generate major economic benefits. It would provide better stability in fuel prices, create thousands of direct and indirect jobs, and revitalize Mohammedia’s economy. More broadly, it would contribute to the Kingdom’s energy autonomy, a strategic issue in the face of fluctuations in international markets.
Rumors around Donald Trump
Speculation evokes the involvement of Donald Trump in the relaunch of SAMIR, perceived as a diplomatic “gift” to Morocco. These rumors, linked to its role in the American recognition of Moroccan sovereignty over the Sahara in 2020, however, lack concrete basis. At this stage, discussions remain exclusively focused on local investors and government negotiations.
The relaunch of SAMIR represents a complex but crucial challenge for Morocco. The decisions taken in the coming months will be decisive in bringing this strategic infrastructure back to life and ensuring a more sovereign and sustainable energy future.
Morocco
