Le Journal Hebdomadaire: Kerr-McGee folds

Article in Le Journal Hebdomadaire, 12 January 2005, on US oil company Kerr-McGee.

Published 12 January 2005

Kerr-McGee folds

Le Journal Hebdomadaire/Assahifa al- Ousbouia (Morocco) 
12 January 2005
[Translated from French by Sahara Update]

The American oil prospection giant Kerr Mc-Gee announces the cessation of their activities in the south of Morocco. After Total and two smaller operators, the departure of the American company, under pressure from Polisario’s activists, is proving problematic for the Kingdom.

Under the same means of pressure as was used against the other operators, Kerr McGee has withdrawn in order not to alienate investment funds that are increasingly concerned about the “ethical” dimension of their placements.

The offensive was launched from Norway by a sympathiser of the separatists by the name of Erik Hagen, a representative of the Norwegian Support Committee for Western Sahara. He explains the withdrawal of Total with the efficiency of the financial threat. This assertion contradicts the communiqué published by Total at the beginning of December which explains the reasons for their
withdrawal as purely economic.

Several Norwegian investment funds, among them Skagen, have decided to cease involvement in companies operating in the Sahara for “ethical” reasons. The Norwegian Support Committee for Polisario asserts that the biggest investment fund in the country, the “Norwegian Petroleum Fund”, managing 120 billion Euros, is on the verge of adopting the same sanctions.


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02 May 2006

Aftenposten: Norwegian investors out of Western Sahara

The small Norwegian Support Committee for Western Sahara has won a great victory: the last Norwegian investor is now selling its stocks in the petroleum company Kerr-McGee. Aftenposten, 30 June 2005.

30 June 2005

Kerr-McGee contract renewal 2005, ALM 2005

Newsclips regarding Kerr-McGee's renewal of contract offshore Western Sahara, May 2005.

12 May 2005