France's Total says cutting costs, investment
France economy
Paris - Arab Today
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French oil major Total said Thursday it would cut back costs and investment in 2017-2018 in the face of continued low oil and gas prices. Total said it would cut annual investment to between $15 and 17 billion from next year instead of previous plans for $17-19 billion, and that it now intends to shave $4 billion from operating costs instead of $3 billion. |
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