Samir owner tells court committed to injecting $680 mln into refiner

May 11, 2016 10:35 AM

27 0

RABAT May 11 Corral Petroleum Holdings , owner of Moroccan refiner Samir, told a Moroccan court it was committed to injecting $680 million to try to reverse a decision placing it in liquidation, a Corral lawyer said on Wednesday.

"I presented a letter to the court from Mohammed al-Amoudi (Saudi billionaire and owner of Corral Holdings) where he announces his commitment to inject $680 million into Samir," Abdelkbir Tabih said.

Also read: Iraq Will Proceed With Extraordinary Recount of 12 Million Ballots

Read more

To category page