Joint Venture Agreement

TOTAL FINA SA
21 September 1999

TOTALFINA signs a joint venture agreement to 
develop an LPG import terminal in India

Total Gas and Power India (TGPI), a wholly-owned subsidiary of TOTALFINA, and
Hindustan Petroleum Company Limited (HPCL) have signed a shareholders' agreement
to jointly develop an LPG import terminal in Andhra Pradesh state, on the east
coast of India.  Under the agreement, TGPI and HPCL will each own 50% of the
joint venture created to develop the project.

The terminal will have a storage capacity of 60,000 metric tons, representing an
import capacity of more than one million metric tons per year.  Scheduled for
completion in 2003, it will be the largest import terminal on India's east
coast.  The facility will help meet the country's fast-growing demand for LPG,
which is expected to rise from 4.5 million metric tons in 1998 to more than 10
million metric tons after 2005-2006.

The LPG will be stored in a cavern - the first facility of this type in India -
for which technical feasibility studies on the site of Vishakhapatnam have
already been performed.

This new agreement fits in with TOTALFINA's growth strategy in Asia.  TOTALFINA
is one of the world's major LPG producer and marketer and intends to reinforce
its positions in this sector.