Total Denies Offshore Oil Exploration Deal with Cuba


PARIS, May 12 (Reuters) - French oil major Total denied it had signed an offshore exploration deal with Cuba during President Francois Hollande's visit as previously reported by Cuban television.

"Total categorically denies it has signed an offshore exploration agreement with Cuba," a spokesman told Reuters on Tuesday. Total has no existing Cuban exploration activities.

Cuban state-run television had reported the exploration agreement earlier without giving further details.

A source with knowledge of the matter said the French oil company's marketing and services branch - which handles oil products distribution such as lubricants and jet fuel - had signed an extension to an existing letter of intent.

(Reporting by Michel Rose; Editing by Andrew Callus)

Copyright 2016 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
Updated in last 24 hours