Global growth fuels Total profits

Leblond, Doris
February 2007
ICIS Chemical Business;2/19/2007, Vol. 2 Issue 54, p13
Trade Publication
The article discusses the increased petrochemical margins of Total for 2006. The strong economic growth since 2003, combined with a reduction in supply from project delays in the Middle East and production outages in Europe and the U.S. boosted Total's profits. Total Petrochemicals' president François Cornelis said that the global economic environment helped to offset higher naphtha costs. Cornelis added that Total would exploit the growth in Asia.


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