Chirac talks oil, gas resources with Bolivia

12th May 2006, Comments 0 comments

VIENNA, May 12, 2006 (AFP) - French President Jacques Chirac expressed "confidence" over discussions between Bolivia and foreign companies with interests in its energy reserves — which include the French oil group Total — a French government source said here on Friday.

VIENNA, May 12, 2006 (AFP) - French President Jacques Chirac expressed "confidence" over discussions between Bolivia and foreign companies with interests in its energy reserves — which include the French oil group Total — a French government source said here on Friday.

Chirac expressed "his confidence in the discussions carried out in a spirit of dialogue and with willingness to respect the legitimate interests" of each party in negotiations on Bolivia's energy reserves, the French delegation to the European Union and Latin America summit here said.

Morales had earlier provoked a sharp reaction from Brazil and Europe when he told reporters that foreign oil firms would not be compensated following his nationalisation of Bolivia's oil and gas resources.

Total is one of 26 international companies with an interest in Bolivian reserves.

Chirac made his comments when speaking to Bolivian President Evo Morales during the opening dinner of the summit on Thursday evening, the source said.

"We hope that Bolivia will be sensitive to the interests of foreign cooperation," the source reported Chirac as saying.

Copyright AFP

Subject: French news

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