Member access

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


Delayed Quote. Delayed Euronext Paris - 04/17 11:36:58 am
48.87 EUR   -0.89%
04/17 SUNPOWER : Sichuan Shengtian New Energy Development Plans to Form Pa..
04/16DJADR Shares End Mixed; Unilever Rises
04/16DJTotal's Refinery Revamp Underscores Industry Pressures
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

Subscribe to WSJ:

React to this article
Latest news on TOTAL
04/18 SUNPOWER : Apple to build solar projects in China
04/18 SUNPOWER : and Apple to build two solar projects in China
04/18 SUNPOWER : Apple, SunPower to build solar projects in Sichuan
04/18 SUNPOWER : partners with Apple to build two PV projects totaling 40 MW in China
04/18 SUNPOWER : teams up with Apple for 40 MW of Chinese solar projects
04/18 SUNPOWER : to partner with Apple to build solar projects in China
04/17 SUNPOWER : joint venture partners with Apple in China
04/17 SUNPOWER : partners Apple to provide solar power to China's Sichuan region
04/17 Apple to co-develop 80 million kWh p/a solar energy projects in China
04/17 Apple brings renewable energy push to China with solar investment
Duration : Period :
Total Technical Analysis Chart | FP | FR0000120271 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes