ALGHGTAN OIL 2ND GAS PO Ra US") Pon INU St LAL TSAPION
, London corraspmdent has sent ths following summary of an article in the American journal, Cil and Gas World, which discusses tho likely developments in the Algorimr cil ond wie industry s
" eolligh—lovel talks botween,..Ren Bolla and France!s top sovernment oil fisure, Pierre Guillaumat, wore surprisingly brief. . Guillaumat spent only 48 hrs. in Algeria... Ho and Bon Bolla talked for only a little more than 2 hours, Algerian Government control, if not full ownership, of a third big crudc~-oil-pipeline systom to move Sahae ran oil to the Nediterranesn is being pushed by Bon Bella, Two cays ftor Guillaunat returned to Pari a Kuwaiti delegation in A hokors agreed to lond Den Bella 626.8uillion to finance a pipeline
Saharan natural gas will not bo cxported to curope eccording to the present Fronch plans without e strugglo from Algorins Tho French plan to move gas through Merocco and seross the Straits of Gibraituw, Bon Rellats border dispute with Morocco has ; apparently doomed this for ths timo being, Tunisia and aleeria have signed a new cooperative agreement which calls for "joint utilisation" of the Saharvn oil and on aus for the bensfit of both countrics, The agreement calls spovilPicue lly for the use of Seharan gus for Nerth African industrial development. .
paharan Oil is no lo onger rocearded by the French os a sucure source of supply. Paris roaports 54% that the government has already mado plons to replace Ssharnan crudé with other supplies in case @ crisis ATisecsee. Guillaumat went to Algiers to talk about gas primarily, but the crude Oil pipeline project certainly stole the Limelight, Scharan crude oil production hag been stabilised for months at about aoe G00 barrels a day because it Ybw Limited by the capacity of its i
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aystons. A 16-company CROWD TiAPAb, has planned
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months, but the 2 nevor approved its The croup includes 5 American companios, 21 a Phillips Intornationnl, Tidewater, and Sincl,
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