Tag Archives: France

Total holds a 50.1 per cent stake in the South Pars project.

Total will not pay a penalty if it pulls out of a multi-billion-dollar gas project in Iran.

Total has spent $90 million to help develop the offshore field and won’t be compensated before production begins.

The exclusivity period to discuss the sale contract would go through May 31.

Other large energy majors are looking to divest distribution assets and focus more on core exploration activities.

Earlier this month. Chevron Corp said two of its executives had been arrested in Venezuela.

The French oil major intends to enlarge its refinery joint venture with state oil giant Saudi Aramco.

France has a military base in Abu Dhabi and is a major seller of arms to the UAE.

French Energy Company awarded a 20% stake in the Umm Shaif and Nasr concession. 5% interest in the Lower Zakum concession.

Part of Pouyanne’s justification for expanding in politically risky countries could be the way Total sees future oil consumption playing out.