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Union Warns of 24B Dirhams Losses from Refinery Shutdown

Union Warns of 24B Dirhams Losses from Refinery Shutdown

Hussein Al-Yamani, the General Secretary of the National Oil and Gas Union, called for the restart of the "Samir" refinery in Nador, emphasizing that doing so is essential for strengthening the national economy. He explained that when fully operational, the refinery could produce over 4 billion liters annually of diesel, in addition to other products such as gasoline, petroleum, and jet fuel, with profits reaching up to 24 billion dirhams per year from diesel alone. He pointed out that the disruption of refining has caused losses of 24 billion dirhams annually, and that continued shutdowns harm the economy. He attributed this situation to privatization policies and lax government regulations, as well as the increasing influence of distributing companies. He urged an urgent political decision to restart the refinery to ensure domestic needs are met and to reduce the impact of rising fuel prices on citizens, especially in light of international geopolitical tensions that heighten the need for secure energy resources.

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