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Bush urges swift approval of India nuclear pact as house backs deal

Map of Indian nuclear sites
by Staff Writers
Washington (AFP) Jul 27, 2006
US President George W. Bush urged the Senate on Thursday to swiftly approve a controversial US-India civilian nuclear energy deal a day after the House of Representatives did so overwhelmingly.

"I want to applaud the House of Representatives for passing an important piece of legislation when it comes to America's relationship with India," Bush said in a speech to a manufacturing association.

The House voted 359-68 late Wednesday in favor of the legislation, which supporters say will be the cornerstone of a strategic alliance and critics charge will only fuel tensions between India and nuclear rival Pakistan.

"The president urges the Senate to act expeditiously to pass companion legislation to enable this important initiative to become a reality," Bush spokesman Tony Snow said in a statement.

"The US-India civil nuclear cooperation initiative will help India generate more nuclear power to meet its enormous energy needs in a manner that does not increase greenhouse gas emissions and air pollution, or increase demand on global oil and gas supplies," said Snow.

"This initiative also advances US nonproliferation objectives by bringing India into the international nonproliferation mainstream," the spokesman said.

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Technip strikes profits bonanza, hits production snags
Paris (AFP) Jul 27, 2006
French oil services group Technip raised net profit in the second quarter by 55.0 percent and raised its profit forecast for the year while warning on Thursday that it was encountering manufacturing problems.







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