‘Iran Is A Risk…The US Is A Risk’ Total’s Pouyanné Speaks To MEES

Total CEO Patrick Pouyanné speaks exclusively to MEES in a wide ranging interview conducted in Qatar on 22 November. Edited highlights follow.

Q: Good afternoon. Thank you for taking the time to speak to MEES. Let’s start with the current state of the industry. Oil prices have risen this week on speculation that next week’s Opec meeting will result in some sort of deal. What do you think the best case outcome would be from this meeting? What are your expectations?

A: I do not want to make forecasts, and I don’t know what the price of oil will be. For me, of course it’s important because our oil revenues and our cash flows depend on price, but our business is to be profitable whatever the price is and to adapt to this volatile environment. (CONTINUED - 4086 WORDS)