Reuters
Morocco’s sole oil refiner Samir posted a record net loss of 3.42 billion Moroccan dirham ($349.7 million) in 2014, mainly due to the revaluation of inventory after oil prices fell.
The company, controlled by Corral Petroleum Holdings, posted a profit of 300 million dirham in 2013.
($1 = 9.7805 Moroccan dirham) (Reporting by Aziz El Yaakoubi; editing by David Clarke)
