Total to Boost Ties with China's Leading Oil Producer

Believing that it's better off trying to forge partnerships with rising competitors from China than strictly trying to compete, French oil-and-gas company Total SA is looking to expand its cooperation with the country's leading oil producer on a range of fronts, says the Wall Street Journal.

 

"There is a real opportunity for Chinese companies and Total to work together," Total chief executive Christophe de Margerie told the Journal. "In countries where we have experience, like in Africa, in Latin America, definitely we are better together than separately."

 

The newspaper says that Total's cooperation with China National Petroleum Corp. (CNPC) has extended into several geopolitically sensitive regions where it is often difficult to get deals done.

 

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