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Total says Europe must fight U.S. oil export ban

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Staff writer ▼ | October 31, 2014
The new head of Total, Patrick Pouyanne, challenged Europe to fight Washington over the U.S. oil export ban in his first public appearance.
Patrick Pouyanne
Politics and business   Patrick Pouyanne:
Patrick Pouyanne said the export ban flouts free-trade agreements and puts European and Asian refiners at a disadvantage, making a bold appeal to European politicians.

"We need to fight and put this topic on the table," Pouyanne said during a sometimes emotional appearance at London's annual Oil & Money conference, where his predecessor Christophe de Margerie was killed in a Moscow plane crash last week.

"I hope the European Commission raises this issue... the refiners in Europe and Asia are suffering from one rule. That is the U.S. cannot export oil."

Mr. Pouyanne said he agreed with Mr. de Margerie's stance on opposing sanctions against Russia. "My priority is to continue... as if he were still alive," he told reporters in French after the session.