Total's Pouyanne Gambles on Middle East Oil as Rivals Favor U.S. - Bloomberg:
"Patrick Pouyanne, the pugnacious boss of Total SA, sees risks differently.
The French oil giant became the first Western major to sign a deal with Iran following the end of sanctions, has added projects in Abu Dhabi and Qatar and Pouyanne said last week’s $450 million acquisition in Libya is one of his “best deals ever.” He is expanding in the region even as some of his biggest rivals focus on politically safer U.S. shale.
“We’re ready to take risks,” Pouyanne said in a Bloomberg TV interview on Monday in Houston."
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