2011/01/14

"Sonatrach is studying all options in case BP decided to sell its assets for another party"

Does this recent MedGaz pipeline story mean we're about to see more headlines like Swedish BP chairman 'whisked married lover on luxury cruise as oil spill chaos erupted' and Gulf Oil Spill: Tony Hayward Attends Glitzy Yacht Race As Oil Spews Into Gulf? BP: from British Petroleum to Barbarian Pissheads?

The article reports the words of Yusuf Yusufi, Energy Minister in the Algerian government, which like all Western Mediterranean governments except inbred Malta is going to be hard put to avert the tumbrils in 2011. His "in the End of 2010" launchdate for the pipeline might have been more credible had MedGaz said something along similar lines - they've issued no press statements since December 2009. News three weeks previously that the European Investment Bank has given in to blackmail a loan of €500M for the construction of this very pipeline doesn't exactly add to one's confidence either, whatever course the Maghreb revolution takes. I must say that I have always regarded Russia as a model democracy. Can I pick up canisters from the consulate?

4 comments:

Candide said...

I think I now have to reveal that my name is Gerhard Schröder.

I am proud to have made Putin acceptable as a "flawless democrat" while I was Chancellor of Germany and to now work for his pipeline projects.

I could work for anybody else, but with Russia the price was righter.

Tony Blair is my close friend and I never colour my hair.

trebots said...

I didn't know that Gerhard was a ballet dancer: according to those jealous Yanks it's now Bolshoi Petroleum.

Anonymous said...

Algeria is delaying opening of the pipeline to blackmail Spain/Gas Natural into paying substantially more for supplies. If Algeria turns off the gas, Spain shuts down - they've got a third of the Spanish gas market.

kalebeul said...

I'm sure the post-revolutionary, Islamic government in Algeria won't hold Spain's eager collaboration with Bouteflika against it!!