Total CEO says will lower oil production if govts decide on quota

Patrick Pouyanne, CEO of French oil giant Total attends a meeting, Friday, Oct. 16, 2015 in Paris, France. (AP)

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.

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Last Update: Wednesday, 20 May 2020 KSA 09:48 - GMT 06:48
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