Tuesday 19 June 2018
oil refiner

Morocco refiner Samir gets $240m IDB loan

Morocco's oil refiner Samir has received an Islamic murabaha syndicated loan of $240 million from the Islamic Development Bank (IDB) to finance crude oil imports, it said. The agreement is part of a $720 million package of loa


San Miguel to buy key stake in oil refiner

San Miguel Corporation will buy a majority stake in Petron Corporation from the Ashmore Group for about 32.8 billion pesos ($675 million). This will take place after the British investment company completes a deal with the Philippine gover

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