Saturday 12 January 2013

Hollande to boost Total for UAE gas deal, trumping UK

French President Francois Hollande will lead a charm offensive in the United Arab Emirates next week to try and help oil major Total win a $10 billion deal to operate the strategically important Bab sour gas field.
By deploying Hollande, Paris hopes to outmanoeuvre rivals including Britain, which is to send a Foreign Office under-secretary in support of Royal Dutch Shell, at an Abu Dhabi energy conference, where the deal will be discussed on the sidelines.
Aside from its value, the Bab ultra-sour gas deal could also give Total a competitive edge in talks for the 2014 renewal of the UAE’s largest onshore oil concession, ADCO, on which the Bab field stands.
Hollande to boost Total for UAE gas deal, trumping UK

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