Glencore hopes for Moroccan refinery restart to recoup money

Glencore hopes for Moroccan refinery restart to recoup money
 

Glencore (GLEN.L), one of the main creditors of Morocco's sole refinery, still has hopes the idled plant will restart so lenders can gradually recoup their money, despite repeated failures to get it up and running.
Glencore's global head of oil, Alex Beard, told the Reuters Commodities Summit that those involved in the court-ordered liquidation of refiner Samir (SAMI.CS) were working towards restarting the Mohammedia refinery.
"The liquidator in Morocco ... has taken the view that the refinery needs to run," Beard said.
"He's talking to a variety of people, he's talking to a... read more

 
12 October 2016 in Business, Views: 37
Source: Reuters
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