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Total fuel card news: Total chief sees no immediate fuel shortage

23 February, 10
Total chief executive Christophe de Margerie has said that fuel supplies in France are not a problem "for the time being", reports Reuters. He also repeated that there would be no job cuts as part of ExxonMobil's plans to change its Dunkirk refinery.

The comment came after rumours that the country would run short of fuel because of the strike at the Dunkirk refinery.

The strike in France, which started last week, is apparently due to plans by ExxonMobil to reduce its French refining operations at the same time as increasing operations in the Middle East, reports The Gainesville Sun.

Mr de Margerie said at a briefing with reporters in New York that he wanted to end the disagreement and "not use the fear of consumers to put pressure on what has to be solved".

He added that nobody would be hurt in the decisions made, but he stressed that it was necessary to reduce French operations to avoid the industry being damaged by a decline in profit margins.

"Being a leader we have to definitely send a message ... that we need to keep these activities sustainable for the long term," Mr de Margerie said.

Posted by Steve Clarke
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Total fuel card news: Total chief sees no immediate fuel shortage



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