"No country, no matter how powerful, can decide unilaterally where an oil company can invest. If a company like ours had to listen to other countries on deciding what is good and what is bad where would it be?"
The CEO of France's Total, Christophe de Margerie, said Friday in an interview with Le Monde. The company had not received any pressure from the French government to halt activities in Iran, but said it had had "strong pressure" to do so from the US.
"The oil development issue was discussed at the summit, and North Korean leader Kim Jong-il expressed keen interest in South Korea's oil field and gas exploration projects,"
The Yonhap news agency quoted South Korea's finance minister, Kwon O-kyu, as saying in a press briefing. Leaders of the two Koreas discussed issues relating to oil field development and exploration at the latest summit in Pyongyang. North Korea lacks domestic petroleum reserves, but the West Korea Bay may contain hydrocarbon reserves, as it is considered to be a geological extension of China's Bohai Bay, the US Energy Information Administration has said in its country analysis brief on North Korea.
Updated: October 5, 2007
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