Morocco to Negotiate for a New Foum Ognit Block

Source: wsrw 6/1/2013, Location: Africa

Morocco claims to be in negotiation with an oil company for a new block offshore Western Sahara. The new block, labelled Foum Ognit Offshore is located just south west of the capital city of Western Sahara, El Aaiun.

By mid January 2013, the block was labelled as "open acreage" on the maps of Morocco's state oil company ONHYM. However, as of beginning of April 2013, the block had changed status on ONHYM's maps, and is currently labelled "under negotiation". The block is 8013 sq.kilometers large.

Further oil exploration Western Sahara is according to the UN in violation of international law as long as the Saharawis don't benefit and if they do not consent. Several companies have pulled out from the territory after being made aware of the controversies involved.

Morocco occupies a part of the territory, and has no rights to negotate such deals for the territory which is not theirs.

For more information about related Opportunities and Key Players visit North Africa Projects


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