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They say $10 billion defense budget..does maroco have money? there defence budget is small
Morocco signs an agreement with an Israeli company to explore for oil and gas in the coasts of Dakhla
The Israeli company "Ratio Petroleum", which works in the field of oil and gas exploration, announced that it has signed an agreement with the Moroccan National Office of Hydrocarbons and Minerals, granting it the exclusive right to study and explore for oil and natural gas in the "Atlantique Dakhla" block along the Atlantic coast, and includes waters The shallow and deep area is about 3000 meters, and the total area of the block is more than 129 thousand square kilometers..
Only the approval of the Minister of Energy and Minerals remains for the agreement to enter into force, after which Ratio will start carrying out study and research activities in this block for a period of one year, subject to extension, and the agreement gives it the right to conduct oil and natural gas exploration for a period of 8 years, extendable for two additional years.
https://www.mees.com/2021/10/15/cor...eam-deal/81b6eca0-2daa-11ec-90fa-d52f87677e8c