Phosphate: A Critical Resource Misused and Now Running
#0183;#32;Moroccos phosphate reserves are owned by the Office Cherifien des Phosphates, a Moroccan state agency. Given the almost unlimited executive powers of the Moroccan monarch, it might reasonably be said that most of the worlds known reserves of phosphate are, in effect, owned by King Mohammed VI and his Alaouite dynasty, which has reigned in Morocco since the 17th century.