Total CEO: Britain Must Stick by Brexit Mistake

Published

Total CEO Patrick Pouyanne speaks at Offshore Europe in Aberdeen (Photo: Eric Haun
Total CEO Patrick Pouyanne speaks at Offshore Europe in Aberdeen (Photo: Eric Haun

The chief executive of French oil major Total believes that Britain should stick by its decision to leave the European Union even though he thinks it is a fundamental mistake that could be a real issue for the UK economy

"It's a choice. It's democracy, we have to respect it. (But) I think it's a fundamental mistake," Total CEO Patrick Pouyanne told an industry conference in Aberdeen, Scotland, on Tuesday.

"Everything that is an export activity will face taxation. That could be a real issue for the UK economy, not for Total," he added, pointing to refining and car parts.


(Reporting by Shadia Nasralla; Editing by David Goodman)

Current News

Coastal Virginia Offshore Project Costs Increases to $11.5b

Coastal Virginia Offshore Proj

Equinor Extends Seadrill Drillship’s Stay off Brazil

Equinor Extends Seadrill Drill

MODEC Partners with Eld Energy, Delta to Advance FPSO Decarbonization

MODEC Partners with Eld Energy

Conrad, Empyrean Agree Settlement Framework Over Duyung PSC Interests

Conrad, Empyrean Agree Settlem

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine