(Bloomberg) -- Total SA, Europe's third-largest oil
company, isn't planning to take over the stakes of U.S. oil
companies that are quitting projects in Venezuela, Chief
Executive Officer Christophe de Margerie said.
The Venezuelan government took control of four oil ventures
last month. ConocoPhillips and Exxon Mobil Corp. refused to sign
deals, while Chevron Corp., Statoil ASA, Total SA and BP Plc
agreed on terms with the authorities.
Read more at Bloomberg Energy News
company, isn't planning to take over the stakes of U.S. oil
companies that are quitting projects in Venezuela, Chief
Executive Officer Christophe de Margerie said.
The Venezuelan government took control of four oil ventures
last month. ConocoPhillips and Exxon Mobil Corp. refused to sign
deals, while Chevron Corp., Statoil ASA, Total SA and BP Plc
agreed on terms with the authorities.
Read more at Bloomberg Energy News
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