Log in to your IBTimes Account

close
ID
Password

Total pledges no French plant closures - union



By Muriel Boselli and Mathilde Cru
23 February 2010 @ 01:39 pm BST

Sarkozy, whose ratings are close to all-time lows amid rising unemployment, faces regional elections next month, while Britain's Labour government lags the Conservatives ahead of a general election which must be held by mid-year.

Sarkozy's centre-right government is seen as keen to avoid protests and panic buying at petrol pumps. Last month, Sarkozy tried to win assurances from car maker Renault to centre production of a new small car in France instead of Turkey.

European refiners are struggling to cope with low margins and poor demand and several refineries have been put up for sale or sold.

France has over 12,500 petrol stations and Total supplies half of the country with petrol.

Environment Minister Jean-Louis Borloo told Europe 1 radio France was not at risk of running out of fuel and had around 10 days of stocks. "At this point in time, there is no risk of shortage," he said.

But analysts expect shortages to worsen rapidly as the strike spreads and French families take to the roads for school holidays.

Petroleum industry body UFIP said on Monday there were around 7 days of fuel supply left.

(Writing by Marie Maitre and Jo Winterbottom; editing by Marcel Michelson)

© 2010 Thomson Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    Click!
  • Rate this article:

advertisement
advertisement
 
 
IBTimes © 2012 IBTimes Company. All Rights Reserved. Partners