Total to discuss extension of oil rights, gas project in Abu Dhabi

01/15/2013 | Bloomberg Businessweek

Total is set to discuss natural gas-development and oil-production rights renewal with authorities from the United Arab Emirates in Abu Dhabi, said company Chairman and CEO Christophe de Margerie. The talks will involve the extension of Total's concession rights to produce oil in Abu Dhabi, which will expire next year. The company is also looking to develop sourcing of high-sulfur gas at the onshore Bab field in the region, de Margerie added.

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