Word: algerians
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...does, in fact, account for a quarter of the world's petroleum output. But as the sheiks grab bigger and bigger slices of oil revenues, producers have been busy developing alternative resources closer to the oil-hungry European market. The big gest of these now lie in the Algerian and Libyan Sahara, where drilling rigs, tank farms and smoke-plumed refiner ies give a modern industrial look to the ancient face of the desert...
Courting Both Sides. French companies, mostly government-owned, have invested $1.8 billion in Algerian oil, and France takes two-thirds of Algeria's 184-million-barrel-a-year output. Last year this not only met 37% of France's oil needs in dollar-saving francs but poured $60 million into the treasury of Algerian President Ahmed ben Bella...
...that he can industrialize poverty-stricken Algeria. French negotiators seem willing to give in to demands for joint management of new oil ventures, but want to hold out for the profitable status quo on existing operations. So far, Ben Bella has shied away from talk of outright nationalization, but Algerian oil workers are ominously pressuring producers for control over hiring, firing and promotions...
When Mohammed Khider, the treasurer of Algeria's ruling National Liberation Front party, quarreled with Strongman Ahmed ben Bella and absconded with some $12 million in party funds earlier this year, the Algerian government naturally turned to the Swiss banks for clues. Algerian agents went to work, soon became convinced that they had traced the missing money to four numbered accounts in Geneva's Arab Commercial Bank, which is incorporated and operating under Swiss banking laws. Algiers asked the Geneva authorities to take it from there. When Arab Bank Director Zouheir Mardam refused to disclose the identity...
...enemy of topical TV farce, Bousgarbiès even suggested "a better subject"-a TV race between Charles de Gaulle and Ben Bella, both in shorts and "bicycling madly in the Algerian velodrome, with Ben Bella winning." As for historical hilarity, Bousgarbiès said he could even stomach a current Paris revue that portrays Joan of Arc hearing those voices and then yanking a transistor radio out of her bodice. But tax-paid satire of Napoleon? "Scandalous," bristled the aged avocat. "I would be just as upset to see Joan of Arc doing a striptease or Clemenceau wrestling...