SONAGRE, through one of its 100% owned companies, will take control of La Samir (Société Anonyme Marocaine de l’industrie du Raffinage) by end September 2025. Bank Al-Maghrib, the only Moroccan bank that complies with current Basel III regulations regarding capital movements, has agreed to receive the banking instruments and funds necessary for the development of SONAGRE’s investment plan in La SAMIR.

Through this investment plan, La Samir will renew most of its current infrastructure and activities, becoming one of the main economic drivers of Morocco and its transition to a Circular Economy model. It will position itself as a key player in the international energy landscape.

Once all pending administrative procedures are completed, La Samir’s new organizational structure will be that of a holding company, each of which will be an essential component of SONAGRE’s strategy in the areas of oil and gas, raw material reuse, and energy production and storage.

Fuel Marketing

Independently from SAMIR’s management, SONAGRE’s Energy and Fossil Fuels Division started their operations on June 1, 2025.

The Division operates, under a four-year concession agreement, from the storage facilities at the Port of Mohammedia, owned by SAMIR. The facilities have 137 storage tanks with a combined capacity of 1.9 million m³.

SONAGRE’s Energy and Fossil Fuels Division objectives are:

• To market a minimum of 2 million m³ per month of all types of fuel from petroleum refining
• To import LNG for industrial and domestic consumption, estimated at 300,000 tons per month
• To be the sole supplier to SAMIR during the upgrade of the Mohammedia Refinery

The Division’s primary sales market, in addition to La SAMIR, will be Africa.

La SAMIR

The Société Anonyme Marocaine de l’industrie du Raffinage (SAMIR) was established on January 1, 1959.

La SAMIR, directly or through its subsidiaries and affiliates:

• Owns the Mohammedia Refinery, the only refinery in Morocco
• Controls 28% of the Moroccan butane and propane market, with 12 distribution and filling centres and a terminal in the port of Béni Enzar – Nador
• Operates the Sidi Kacem storage center
• Operates a network of 69 service stations (9 owned and 60 branded)
• Participates in an additional 60% of the Moroccan butane market through the underground facility at the Sidi Larbí salt mine
• Has 1,895,000 m³ of storage tanks

Mohammedia Refinery

SAMIR’s main asset is the Mohammedia refinery, located 25 km north of Casablanca, on the Atlantic coast. It sits on a plot of more than 330 hectares and is connected to the port of Mohammedia (3 km away), as well as to national railway and highway networks.

The refinery includes:

• Four crude oil distillation modules
• One lubricants and bitumen module
• Refining capacity of 10.25 million tons per year of blended Russian and Middle Eastern crudes

Note: Only CDU 4 was upgraded in 2012 to produce products with less than 10 ppm sulfur. The remaining modules were built between 1962 and 1978 and require replacement.

Modernization Plan Includes:

• Construction of four new refining modules (60 kbpd each, total 240 kbpd)
• Upgrading current units, especially CDU 4
• Converting the lubricant and bitumen unit into a synthetic lubricant production unit
• Increasing storage capacity by 400,000 m³

Port Infrastructure:

• Two loading/unloading docks at the port terminal
• Four pipelines (42″, 36″, 24″, and 16″) connecting refinery and terminal
• Pumping capacity of 3,000 m³/h
• Suitable for tankers of 25 kt to 150 kt (Suezmax)
• Dedicated berth for 6 kt vessels for lubricants, butane, and other products

SDCC

The Société de Distribution de Carburants et de Combustibles (SDCC) is fully owned by SAMIR. It operates a service station network and manages fuel purchasing, as well as sales of lubricants and bitumen produced at La SAMIR.

SONAGRE will expand SDCC’s operations by reinforcing the service station network.

Gas to Power

Following Morocco’s National Plan for LNG Development (2014) and Gas Route Plan (2021), SONAGRE will develop Gas to Power and Gas to Industry projects via SAMIR.

The Project Includes:

• LNG import terminals
• Regasification units
• Conversion of coal-fired power plants to combined-cycle natural gas plants
• 400 km gas pipeline

The aim is to stabilize the national grid and enable the transition to 100% renewable energy. Combined-cycle plants will provide stability during renewable shortfalls. SONAGRE is also developing future conversion plans for these plants to run on renewable sources.

Key Project Areas:

• NG for industrial production and distribution
• NG pipeline construction
• Domestic and industrial NG distribution
• Combined-cycle power plants

LNG Infrastructure

Mohammedia Port Regasification Plant:

• Daily capacity: 10,800 tons
• Two tanks of 150,000 m³ each

Jorf Lasfar Port Regasification Plant:

• Located in port expansion zone
• Same specs: 10,800 t/day and two 150,000 m³ tanks

Gas Pipeline:

• 400 km of 26″ pipeline

NG End-User Distribution:

• SONAGRE participates via La SAMIR’s stakes in SOMAS and SALAM Gaz

Combined-Cycle Power Plants:

• Managed by La Samir Power, a new company in the holding
• Refurbishment of coal plants for gas conversion
• At least 6.3 GW of NG combined-cycle and offshore wind power capacity to be built