France and Libya have drawn up a major long-term agreement exchanging Libyan oil for French technological assistance on Monday, (19 February).
GV M. Jalloud arrives and enters Hotel Matignon. Met by M. Messmer
MV INTERIOR Jalloud (left) and Messmer (right) at desk ready to sigh ZOOM TO CU Jalloud signing
CU ZOOM OUT TO MV Messmer signing
SV Officials ZOOM OUT TO GV Messmer and Jalloud shaking hands
Initials BB/1930 BD/AH/BB/1939
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Background: France and Libya have drawn up a major long-term agreement exchanging Libyan oil for French technological assistance on Monday, (19 February).
The agreement was signed in Paris by Libyan Prime Minister Abdel Salam Jalloud and French Prime Minister Pierre Messmer following week-long talks.
France will supply Libya with nuclear power plants and oil refineries in exchange for oil concessions believed to be similar to those gained from Iran in an earlier deal.
France's Oil-For Trade agreement with Iran could involve as much as 25,000 million francs (2,300 million pounds sterling).
As well as power plants, refineries and telecommunications networks, France will also assist Libya in developing its industry and agriculture, with French and Libyan companies cooperating in joint investments.
No mention has been made of French arms deliveries to Libya... one of France's main customers for sophisticated weapons.
During his week's stay in Paris Libyan Prime Minister Abdel Salam Jalloud met with French President Georges Pompidou, Foreign Minister Michel Jobert, Finance Minister Valery Giscard D'Estaing and Defence Minister Robert Galley as well as his counterpart Pierre Messmer.
A joint communique issued after the signing said French missions would soon visit Libya to study the implementation of the agreement.