Oil prospection: the largest sovereign wealth fund in the world reinvests in the Sahara



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By Youssef Bellarbi the 27/11/2018 at 15:34

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© Copyright: DR

Having for a time disengaged from the British oil groups Cairn Energy and US Kosmos Energy, the Norwegian sovereign wealth fund has decided to lift the exclusion of the two companies operating in the Moroccan Sahara. A victory.

A good point, one more, for the legitimacy of Moroccan sovereignty over its southern provinces. The Norwegian sovereign wealth fund, the largest fund of its kind in the world and heavy, be sure, some 1,000 billion dollars marks its great return to the Moroccan Sahara. This, through the British oil groups Cairn Energy and US Kosmos Energy, in which he decided to reinvest.

The Bank of Norway, in charge of managing the country's sovereign wealth fund, which is expected to boost Norwegian oil revenues, has in fact announced in a statement the lifting of the exclusion of the two companies. These had been, for a time, dismissed for considerations related to their activities in the southern provinces. It's over now.

This return also seals, once again, the proof that the accusations of human rights abuses of which the Polisario accuses the Kingdom are completely unfounded, and that the sovereignty of Morocco over its southern region is well and truly established. .

By Youssef Bellarbi

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