Oil Giant Total in French Probe
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French police have detained an executive of Total for questioning as part of an investigation into suspected bribes paid to foreign officials by the oil giant, judicial officials said Thursday.
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Ecuador has started to examine its oil agreements to determine if private companies have breached their contracts with the nation, South Americaâs fifth-largest oil producer, the energy minister said. âA committee will look into all contracts. It will review all we need to review and we are seeking transparency,â the oil minister, Alberto Acosta, said. The nine-member committee of energy officials and specialists is examining exploration and development contracts, which are mostly in the hands of foreign oil companies like Petrobras of Brazil and Repsol-YPF of Spain.
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A Swiss company that is being investigated on suspicion of fraud and abuses in the United Nations&#39; oil-for-food program paid the son of Secretary General Kofi Annan more than $50,000 for consulting
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French nuclear giant Areva, oil company Total and utility group Suez have reached agreement on plans to build two next generation nuclear power plants in Abu Dhabi, Total said Monday.
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Companies that bought Iraqi oil from traders who allegedly spent billions of dollars to bribe Saddam Hussein for contracts under the U.N. oil-for-food program now could be implicated in the vast web of corruption uncovered in the investigation by former Federal Reserve chairman Paul Volcker, a Swiss criminal lawyer told The Associated Press on Sunday.
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French trader accused of the biggest fraud in banking history facing another day of police questioning
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French oil giant Total reports a record 12.58bn euros net profit in 2006 but fourth quarter earnings slip as oil prices fall.
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French oil giant Total SA said Wednesday that fourth-quarter profits rose 62 percent as oil prices surged and new projects in Angola and Qatar boosted production.
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A Paris court convicts French oil company Total of maritime pollution over the 1999 sinking of the tanker Erika.
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France has reported a big increase in its trade deficit to a record of 29.2 billion euros (37 billion dollars), but Trade Minister Christine Lagarde blamed high oil prices.
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WASHINGTON, Nov 17  - France&#39;s BNP Paribas received hundreds of millions of dollars from the scandal-plagued UN Oil-for-Food programme in Iraq, apparently while ignoring rampant abuses in the programme, a top US lawmaker charged Wednesday.
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French competition authorities are investigating Danish toy maker Lego Systems AS and supermarket retailer Carrefour SA as part of a probe into alleged price fixing in the French toy market in 2002 and early 2003.
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The boss of Italian energy firm Eni, Paolo Scaroni, is under investigation as part of a police probe.
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SINGAPORE : Singaporean authorities have launched a criminal investigation into the half-billion-dollar financial scandal surrounding Chinese oil trading firm China Aviation Oil.
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France's Total SA oil company is involved in talks with Venezuelan authorities to launch a $5 billion project to develop heavy oil in eastern Venezuela, the company's president said Friday.
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A prominent energy research firm takes a swipe at "peak oil" theory.
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Science & environment: French oil giant Total SA ordered to pay damages for the 1999 sinking of the oil tanker Erika