Glencore is departing Western Sahara
glencore_610.jpg

The biggest international company currently present in occupied Western Sahara is ending its operations in the territory, according to Swiss media.
Published: 11.05 - 2017 11:59Printer version    
The biggest multinational company currently working for the Moroccan government in Western Sahara, Glencore PLC from Switzerland, is leaving its oil operations offshore Western Sahara.

"According to information from the company, Glencore has now withdrawn from Foum Ognit. According to Glencore, discussions are underway to withdraw from the second block, Boujdour Offshore Shallow", The Neue Zürcher Zeitung (NZZ) wrote today. NZZ is one of the biggest newspapers in Switzerland.

The two deals were originally signed with the Moroccan government - whose claims to Western Sahara are rejected by the UN and the international community.

Glencore used to hold a 18,75% interest in Foum Ognit, an oil exploration block offshore occupied Western Sahara. The website of the operator of the block, New Age, indicates that ownership is now transferred to the latter. As such, New Age today controls 75% of the block, while until recently it only controlled 56,25%.

The information about Glencore's exit from Foum Ognit has also been confirmed to Western Sahara Resource Watch (WSRW) by shareholders of the company. The move probably took place early May or late April. WSRW in February 2017 wrote that Glencore and New Age were undertaking seismic studies on Foum Ognit.

Glencore still remains, however, operator of the Boujdour Offshore Shallow, the neighbouring block to the north. According to the information that NZZ gathered from the company, and from what WSRW has understood from shareholders, Glencore is looking for a way out of this engagement on Boujdour Offshore Shallow.

Numerous international investors have raised the controversial Western Sahara licenses with the company, and many banks and pension funds have blacklisted Glencore over the matter over the course of the last year. Some of those are mentioned here. Here is for instance an 8-page-analysis from a Norwegian investor upon deciding to no longer invest in Glencore.

"We welcome the decision of Glencore. Signing agreements with the Moroccan government for oil exploration in Western Sahara is fundamentally unethical. Glencore's exit is a good contribution to the peace process. As long as Morocco can partner with foreign companies for oil search in the territory that it occupies, Morocco will not return to the UN negotiating table", Sylvia Valentin of Western Sahara Resource Watch stated.

Western Sahara has been under partial occupation by Morocco since 1975. On 21 December 2017, a judgement from the Court of Justice of the EU concluded that EU-Morocco trade deals cannot include Western Sahara without the specific consent of the people of the territory. In 2002, a UN Legal Opinion concluded in the same manner.

    

Top
News:

24.05 - 2018 / 17.05 - 2018Exclusive: Here are the Moroccan groups that the EU consulted
22.05 - 2018 / 17.05 - 2018EU Commission closes eyes to Western Sahara judgment in Parliament
03.05 - 2018 / 03.05 - 2018Camel researchers move event from Western Sahara to Morocco
25.04 - 2018 / 24.04 - 2018New report on contentious Western Sahara phosphate trade
17.04 - 2018 / 20.03 - 2018Auction for seized Western Sahara phosphates to close
16.04 - 2018 / 16.04 - 2018Polisario will take EU Council to Court over fish deal
16.04 - 2018 / 16.04 - 2018EU will broker new fish deal with Morocco, including Western Sahara
12.04 - 2018 / 12.04 - 2018Camel conference in occupied Western Sahara dishonest about funders
10.04 - 2018 / 10.04 - 2018UN study on Morocco's green energy plans fails at geography
27.03 - 2018 / 26.02 - 2018EU risks recognising Western Sahara products as Moroccan
21.03 - 2018 / 21.03 - 2018EU Commission dead set on fishing in Western Sahara
20.03 - 2018 / 20.03 - 2018Does OPEC consider Western Sahara to be part of Morocco?
20.03 - 2018 / 27.08 - 2010Support Western Sahara Resource Watch
06.03 - 2018 / 06.03 - 2018Kosmos Energy maintains propaganda site after Western Sahara exit
02.03 - 2018 / 01.03 - 2018What is HeidelbergCement doing in occupied Western Sahara?
01.03 - 2018 / 01.03 - 2018Confirmed: Innophos key client of Western Sahara phosphate rock
28.02 - 2018 / 28.02 - 2018South Africa stands up against the plunder of Western Sahara
28.02 - 2018 / 28.02 - 2018Bermuda shipping company drops Western Sahara
27.02 - 2018 / 27.02 - 2018EU and Morocco announce continued fisheries partnership
27.02 - 2018 / 23.02 - 2018EU Parliament slams Commission on Western Sahara talks




EN ES FR DE AR

Morocco occupies the major part of its neighbouring country, Western Sahara. Entering into business deals with Moroccan companies or authorities in the occupied territories gives an impression of political legitimacy to the occupation. It also gives job opportunities to Moroccan settlers and income to the Moroccan government. Western Sahara Resource Watch demands foreign companies leave Western Sahara until a solution to the conflict is found.
EU Court cases on Western Sahara for dummies

tn_law_hammer.jpg

It's not easy keeping up with all the different legal proceedings relating to Western Sahara. For the sake of clarity, here's an overview of the three different cases at the Court of Justice of the European Union.
Stand up for the Gdeim Izik 25!

tn_court_photo_gdeim_izik_610.jpg

Leading activists from Western Sahara are condemned to sentences ranging from 20 years to life imprisonment in connection to a mass protest in 2010 denouncing the Saharawi people’s social and economic marginalization in their occupied land; the Gdeim Izik protest camp.
Support Western Sahara Resource Watch

tn_sjovik_demo_610.jpg

Help us to protect the natural resources of Western Sahara for the Saharawi people. Support our work by making a donation.
Report: Moroccan green energy used for plunder

tn_poweringplunder_eng_610.jpg

At COP22, beware of what you read about Morocco’s renewable energy efforts. An increasing part of the projects take place in the occupied territory of Western Sahara and is used for mineral plunder, new WSRW report documents.

WSRW.org News Archive 2018
WSRW.org News Archive 2017
WSRW.org News Archive 2016
WSRW.org News Archive 2015
WSRW.org News Archive 2014
WSRW.org News Archive 2013
WSRW.org News Archive 2012
WSRW.org News Archive 2011
WSRW.org News Archive 2010
WSRW.org News Archive 2009
WSRW.org News Archive 2008
WSRW.org News Archive 2007
WSRW.org News Archive 2004-2006


Register for our English newsletter:









These web pages have been built with the financial support of the trade union Industry Energy