Ethiopian billionaire Mohammed Al-Amoudi's failed refinery cost Morocco $7 billion
Billionaires Africa | 22.09.2026 16:11
The collapse of Samir, Morocco's only oil refinery, cost the country about 66.5 billion dirhams, roughly $7.1 billion, according to a 2025 study published in Scientific African. That was equal to 4.4% of gross domestic product, and the closure cost nearly 1,000 jobs.
