Total’s chances ‘good’ to renew oil concession

Oil giant Total has a “good” chance to keep its operating share in Abu Dhabi’s onshore oilfields as the Gulf emirate prepares new concessions, France’s international trade minister said on Monday.

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Published: Tue 21 Jan 2014, 1:16 PM

Last updated: Tue 7 Apr 2015, 10:18 PM

Total has a 9.5 per cent share in the 75-year-old concession which has come to an end on January 10, while the emirate is expected to select by 2015 the international bidders. “Total’s chances are good,” French International Trade Minister Nicole Bricq told AFP on the sideline of conference.

Compiled from agencies and staff report


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