Charles Foulard News
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Total SA’s overhaul of its refining, petrochemicals and marketing businesses isn’t in preparation for a sale, Chief Executive Officer Christophe de Margerie said.
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A nationwide strike by French refinery, power and gas workers lowered crude processing rates and cut power output while the possibility of fuel shortages loomed as Marseille oil terminals remained blocked.
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A strike by workers at the French port of Marseille’s oil terminals entered its 14th day, stranding 53 ships and forcing a Total SA refinery to begin shutting down.
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A nationwide strike by French refinery, power and gas workers lowered crude processing rates and cut power output while the possibility of fuel shortages loomed as Marseille oil terminals remained blocked.
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A service station near Place de la Madeleine in central Paris had been Daniel Dayan’s last hope.
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Police moved in to unblock oil depots across France as the government authorized the release of fuel stockpiles to counter potential shortages caused by striking refinery and port workers.
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French workers are demonstrating today for the fourth time in five weeks in nationwide marches, disrupting rail and air traffic as labor unions threaten open- ended strikes to press President Nicolas Sarkozy to scrap his pension-system overhaul.
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French police moved in to open fuel depots to release oil supplies blocked by strikers as walkouts at ports and refineries shut down crude imports and threatened shortages.
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Total SA and Ineos AG are in talks on a refining partnership in southern France, where both companies have crude-processing plants, according to labor unions.
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French police moved in to open fuel depots to release oil supplies blocked by strikers as walkouts at ports and refineries across the nation shut down crude imports and sparked shortages at filling stations.
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