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27

Total to Lose About $790 Million in French Refining in 2010

Total SA will lose about 600 million euros ($787 million) in its French refining operations this year, compared with a loss of 1 billion euros in 2009, daily La Tribune said, citing Chief Financial Officer Patrick de la Chevardiere

Total to Lose About $790 Million in French Refining in 2010 Total to Lose About $790 Million in French Refining in 2010

The loss includes an impact of between 130 million and 150 million euros from strikes against French pension reform, the newspaper said.

Total has received several offers for its U.K. service stations, La Tribune said, without elaborating.

Source : Bloomberg