• Short Summary

    THE IMPORT OF OIL INTO FRANCE FROM ALGERIA -- A THIRD OF HER NEEDS LAST YEAR -- WILL INCREASE WHEN A NEW FRANCO-ALGERIAN OIL AGREEMENT TAKES EFFECT..

  • Description

    THE IMPORT OF OIL INTO FRANCE FROM ALGERIA -- A THIRD OF HER NEEDS LAST YEAR -- WILL INCREASE WHEN A NEW FRANCO-ALGERIAN OIL AGREEMENT TAKES EFFECT..THE AGREEMENT WAS INITIALLED IN PARIS TODAY (FRIDAY) AFTER 20 MONTHS OF HARD BARGAINING BETWEEN PARIS AND ALGIERS.

    THE TWO CHIEF NEGOTIATORS INITIALLED THE AGREEMENT - M.WORMSER, CHIEF OF THE FRENCH FOREIGN MINISTRY'S ECONOMIC AFFAIRS DIVISION, AND M.BELAID ABDESSALAM, WHO HAS BEEN APPOINTED ALGERIAN MINISTER FOR INDUSTRY AND ENERGY SINCE THE NEGOTIATIONS BEGAN.

    THE AGREEMENT, DUE TO BE SIGNED IN ALGIERS NEXT THURSDAY, WILL HELP BOOST ALGERIA'S SHARE OF THE FRENCH MARKET WHEN UNTAPPED RESERVES ARE JOINTLY EXPLOITED BY FRANCE AND ALGERIA.

    ACCORDING TO OFFICIAL FIGURES, FRANCE'S OIL CONSUMPTION SHOWED AN INCREASE OF 15 PER CENT TO 22.7 MILLION TONS DURING THE FIRST SIX MONTHS OF THIS YEAR, AND IS EXPECTED TO CONTINUE TO INCREASE AT THE SAME RATE.

    SIXTY PER CENT OF ALGERIAN OIL PRODUCTION IS CONSUMED IN FRANCE, THE REMAINDER DISTRIBUTED IN OTHER COUNTRIES BY THE LARGE INTERNATIONAL OIL COMPANIES.PRESENT PRODUCTION TOTALS 27 MILLION TONS PER YEAR, BUT IT WILL RISE TO 40 MILLION WHEN THE THIRD SAHARA PIPELINE OPENS.

  • Tags

  • Data

    Film ID:
    VLVA5E9QBNM6QZXGW3B8GQYDAO0DO
    Media URN:
    VLVA5E9QBNM6QZXGW3B8GQYDAO0DO
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    23/07/1965
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:26:00
    Time in/Out:
    /
    Canister:
    N/A

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