Total CEO says will lower oil production if govts decide on quota
Total has oil development contracts with OPEC producers including the UAE and Iraq
French oil and gas company Total will lower oil production in countries where it operates if governments decide on a quota, Chief Executive Officer Patrick Pouyanne told an energy conference in Istanbul on Tuesday.
“As a company I am driven by maximising production... if a policy is decided by a government we will apply the policy. If OPEC decides on a quota we will apply the quota,” Pouyanne said at the World Energy Congress in Turkey.
Total has oil development contracts with OPEC producers including the United Arab Emirates and Iraq.