March 07, 2003

From the cool new site PaveFrance (where their motto is "Bite me, frogs!"), comes the news that our buddy ChIRAQ did indeed make that Algerian trip pay for itself and then some:
TotalFinaElf may invest $1 billion in Algeria, following Chirac’s historic visit

The landmark trip of French President Jacques Chirac to ex-colony Algeria seems already to be bearing fruit. On the heels of the visit, the spokesperson for oil major TotalFinaElf confirmed that the French company is looking into the possibility of investing up to one billion dollars in various oil and gas projects in the North African country over the next years.

Chirac was accompanied in Algeria by a high-profile delegation of executives of two-dozen French corporate giants, including TotalFinaElf, Alstom, Airbus and Michelin. The three-day state visit is the first since 1962, when Algeria won its independence after an eight-year war. These days, France is Algeria's largest trading partner.

TotalFinaElf already has substantial operations in Algeria. The company operates two fields there and holds two exploration permits, for the Rhourde Es Sid and Timimoun fields.

Jackie boy is gonna need this Algerian oil when TotalElfFina's Iraq contracts are "cancelled" by U.S.-led "weapons inspectors"/regime changers.
Go, Jacques, go!
France needs more Algerian immigrants, too!

BTW, think this logo looks Islamic enough?