Oil major Total rules out takeover move for Tullow Oil

Felix The chief executive of French oil major Total, Patrick Pouyanne, has dismissed the idea it might buy Irish-founded Tullow Oil, which is its partner in East Africa and Guyana.

Oil major Total rules out takeover move for Tullow Oil

The chief executive of French oil major Total, Patrick Pouyanne, has dismissed the idea it might buy Irish-founded Tullow Oil, which is its partner in East Africa and Guyana.

Total is a partner in all growth markets for Tullow Oil whose market capitalisation has shrunk to around £633m (€747m) from £3.28bn in September.

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