BUSINESS ABROAD: Sahara Oil for France

For France, the bill for foreign oil imports is high. With coal, it almost equals her trade deficit. Last week the French Cabinet approved an ambitious plan that it hopes will drastically cut this bill. The plan: a $650 million to $800 million development of oil under the Sahara Desert, which France figures will provide 40% of her oil needs by 1960.

The new plan is being ramrodded by energetic, bottle-bald Maurice Lemaire, 61, State Secretary for Industry, who gained fame by his postwar reconstruction of the French National Railroads, which he...

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