Neptune Overseas launches
Francis Monnerat, who currently works for Total in Nigeria for Risk & Co, and Eric Phelipot, head of security in [...]
France’s Total is one of the world’s top seven oil and oil products companies and is involved in every aspect of the oil chain from extraction to sales. In the early 2000s, it merged with Elf Aquitaine and was called TotalFinaElf before changing its name back to Total.
Multinationals are hoping to avoid conviction under the US Foreign Corrupt Practices Act by arguing that agents who received commission from them were not foreign officials. Some $316 million is at stake for Total. [...]
Despite Nicolas Sarkozy's determination that they make their mark in Iraq, French companies have yet to catch up with their European and U.S. competitors and now a number of them, jaded by Iraq's bureaucracy and insecurity, are turning their attentions [. [...]