• Short Summary

    France and Libya have drawn up a major long-term agreement exchanging Libyan oil for French technological assistance on Monday, (19 February).

  • Description

    France and Libya have drawn up a major long-term agreement exchanging Libyan oil for French technological assistance on Monday, (19 February).

    The agreement was signed in Paris by Libyan Prime Minister Abdel Salam Jalloud and French Prime Minister Pierre Messmer following week-long talks.

    France will supply Libya with nuclear power plants and oil refineries in exchange for oil concessions believed to be similar to those gained from Iran in an earlier deal.

    France's Oil-For Trade agreement with Iran could involve as much as 25,000 million francs (2,300 million pounds sterling).

    As well as power plants, refineries and telecommunications networks, France will also assist Libya in developing its industry and agriculture, with French and Libyan companies cooperating in joint investments.

    No mention has been made of French arms deliveries to Libya... one of France's main customers for sophisticated weapons.

    During his week's stay in Paris Libyan Prime Minister Abdel Salam Jalloud met with French President Georges Pompidou, Foreign Minister Michel Jobert, Finance Minister Valery Giscard D'Estaing and Defence Minister Robert Galley as well as his counterpart Pierre Messmer.

    A joint communique issued after the signing said French missions would soon visit Libya to study the implementation of the agreement.

  • Tags

  • Data

    Film ID:
    VLVA1A6GCH7BBOLU0147PPLIJQSUX
    Media URN:
    VLVA1A6GCH7BBOLU0147PPLIJQSUX
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    20/02/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:16:00
    Time in/Out:
    /
    Canister:
    N/A

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