Total’s Security Budget Draws Lustful Looks
With the highest market value on the Paris Stock Exchange, the Total oil company is also one of the leading [...]
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.
With profitable business getting harder and harder to find in Iraq and Afghanistan, private security companies are now seeking contracts with shipowners whose vessels are being increasingly targeted by pirates. However, all maritime law agreements either discourage or deliberately ban [. [...]
Faced with American and British groups that have profited from their countries’ commitment to Baghdad, French companies are having to fight to avoid being totally cut out of the huge Iraqi market. France’s good relations with Arbil hold out prospects [. [...]