Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  TOTAL    FP   FR0000120271

TOTAL (FP)

3959
Real-time Quote. Real-time Tradegate - 12/17 04:02:30 pm
42.252 EUR   +4.51%
2d agoDJDof Gets Contracts For Four Vessels
2d ago CNOOC Develops Uganda Oilfield on Schedule
2d ago TOTAL : ex-dividend day for quarterly dividend
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Total, Wintershall to Invest $2.1 Billion in Argentina Natural-Gas Production

02/22/2013 | 08:52am US/Eastern

BUENOS AIRES--France's Total SA (TOT, FP.FR) and Germany's Wintershall AG will each invest about one billion U.S. dollars in Argentina over the next five years to boost natural-gas production, the Argentine government said in a statement Friday.

Total will invest $1.1 billion, while Wintershall will invest $1 billion in projects that will increase the country's annual natural-gas output by 3.1% between 2013 and 2017, according to the statement. Increased output from the investments is expected to total 12 million cubic meters per day.

Argentina is on a big push to try and attract investment in its energy sector to boost output.

Oil-and-gas production has declined in recent years while has demand soared, turning Argentina into a net energy importer and forcing the government to spend billions each year on gas and fuel imports. In 2011, Argentina spent more than $9 billion on imported energy.

Last year, the government nationalized a controlling stake in the country's leading oil-and-gas company from YPF SA (YPF, YPFD.BA) from Spain's Repsol SA (REPYY, REP.MC), accusing the company of bleeding YPF dry with dividends and failing to invest. Now, the government is pouring billions into expanding YPF's production.

Write to Shane Romig at shane.romig@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news on TOTAL
9h ago SolarCity ties up US$400 million PV fund with Bank of America Merrill Lynch
1d ago SUNPOWER : Assigned Patent
2d agoDJDof Gets Contracts For Four Vessels
2d ago CNOOC Develops Uganda Oilfield on Schedule
2d ago TOTAL : ex-dividend day for quarterly dividend
5d agoDJChina's Cnooc Says $2 Billion Uganda Oil Field Development on Course
6d agoDJFall in Oil Prices Threatens Africa's Economic Growth
6d ago Solar3D's SUNworks Division Achieves SunPower Elite Status
6d agoDJOil Plunge Dims Outlook for LNG Projects
7d agoDJAustralia's Santos Trims Spending as Oil Slips
Advertisement
Chart
Duration : Period :
TOTAL Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF