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Petroleum / Mining in France

  • Areva and Niger's uranium fight

    FRANCE, 2016/08/03 At the same time as France began mining uranium ore in the desert of northern Niger in the early 1970s, Arlit was a cluster of miners' huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara. The 1973 OPEC oil embargo changed that. France embraced nuclear power to free itself from reliance on foreign oil and overnight this remote corner of Africa became crucial to its national interests.
  • Nord Stream 2 to increase reliability of gas supply to Europe

    FRANCE, 2015/11/03 Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation, paid a working visit today to France. As part of the visit, a working conference took place in Paris between Alexey Miller and Jean-Pierre Jouyet, Chief of Staff of the President of France. It was pointed out that against the declining domestic production in Europe, the request for gas imports would grow. Russia, as a reliable energy supplier to the European economy, will be able to fasten gas export to the extent required.
  • France's Total will lead a 1.2 billion dollars project to produce natural gas off the coast of Tierra del Fuego

    FRANCE, 2013/10/24 The project’s go-ahead comes as Argentina is striving to reduce what national-owned YPF SA Chief Executive Officer Miguel Galuccio calls a “critical” energy deficit, which was 5.4 billion dollars through August, according to the National Statistics Agency. The Total venture is expected to save Argentina 1.6bn a year in fuel imports. “This is by far the major natural gas offshore investment Argentina has ever made,” Rielo said. “As operators we will make it produce as we are gas experts.” The venture, owned 37.5% each by Total and Wintershall and 25% by PAE, plans an initial investment of between 1 billion and 1.2 billion, which may rise to as much as 1.5 billion if additional wells need to be drilled, Rielo said.
  • Court acquits Total,

    FRANCE, 2013/07/21 A French court on Monday acquitted energy giant Total, its chief executive, a former minister and additional than a dozen other defendants of corruption charges in connection with Iraq's oil-for-food programme. The court ruled there had been no corruption, influence-peddling or misuse of assets linked with the $64 billion (50 billion euro) UN programme that allowed Iraq, again under crippling international sanctions, to sell limited quantities of oil to buy humanitarian supplies between 1996 and 2003. The company, along with Total CEO Christophe de Margerie, former interior minister Charles Pasqua and additional than a dozen former managers and retired diplomats, had always denied the graft allegations.