Total S.A.
13 November 2006
Total Sells Power Generation Assets in Argentina
Paris, November 11, 2006 - Total announces today that it has signed agreements
to sell its power generation interests in Argentina.
Since 2001, Total has held a 63.9% interest in Central Puerto S.A., one of
Argentina's leading thermal power generators with rated capacity of 2,165 MW,
and capital a 41.3% interest in Hidroelectrica Piedra de Aguila, with a 1,400 MW
hydroelectric plant in Neuquen province.
Leveraging its position as Argentina's second-ranked gas operator, Total will
now focus on exploration and production. Present in the country since 1978, the
Group operates fields in Terra del Fuego and the Neuquen region, with equity
output of 74,000 barrels of oil equivalent per day in 2005. Total also has
interests in pipeline networks serving markets in Argentina and adjoining
countries and is active in liquefied petroleum gas and lubricant marketing, as
well as chemicals.
******
Total is one of the world's major oil and gas groups, with activities in more
than 130 countries. Its 95,000 employees put their expertise to work in every
part of the industry - exploration and production of oil and natural gas,
refining and marketing, gas trading and electricity. Total is working to keep
the world supplied with energy, both today and tomorrow. The Group is also a
first rank player in chemicals, www.total.com
2 place de la Coupole
La Defense 6
92 400 Courbevoie France
Fax: 33 (1)47 44 58 24
Jerome SCHMlTT
Laurent WOLFFSHEIM
Philippe HERGAUX
Robert HAMMOND (U.S.)
Tel: (1)201 626 3500
Fax: (1)201 626 4004
TOTAL SA
capital 6 062 233 930 euros
542 051 180 R.C.S. Nanterre
www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.