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FINANCIAL NEWS
French Total to expand businesses in the UAE
01 Jun 2015
(MENAFN) Total, the based-in-France energy firm, is ready to undertake an expansion project for its businesses in the United Arab Emirates, in spite of not being affected by the decline in oil prices, Gulf News reported.
Total is presently targeting the UAE because of its immense quantities of reserves and due to the lower chances of making technical errors in its much advanced facilities. Additionally, the political aspect plays a vital role in the much stable country.
“The drop in oil price has not neither impacted our operations nor our ambitions within the UAE. We are going ahead with all our projects and have plans to expand our footprint,” the President of Total Exploration and Production in the UAE said.
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