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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:France and Africa - Menacing Algerian independence
Author:Langa, A.
Periodical:The African Communist
Geographic terms:Algeria
petroleum extraction
Abstract:Tensions between France and Algeria in 1971: Algeria has taken a series of measures, most notably in nationalising its oil wealth, to break free from the 'special relationship Evian agreements imposed on the country by the E. of 162. In April President Houari Boumedienne declared that the system of oil concessions to French and other oil companies was ended, that the state-owned SONATRACH oil concern would own all Algerian oilfields, that $ 100 million would be provided as compensation to the oil companies, that the price for oil would be raised from $ 2.55 to $ 3.60 per barrel. The oil concerns reacted by requesting all the world's oil companies to boycot Algerian oil. The French warned that they would debar Algeria from the benefits of the Evian agreements (technical co-operation, trade). Unofficially the French exert pressure on the World Bank (indemnities) and the USA (American El Paso oil corporation) and furthermore try to foment unrest and sabotage within Algeria itself.