Patrick Pouyanne

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Last quote by Patrick Pouyanne

For us, this is a new era. During the last few years, 2015, 2016, we have not been able to take more capex (capital spending). Now we have room, we have more cash.feedback
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Apr 27 2017 OPEC
Patrick Pouyanne has been quoted 40 times. The one recent article where Patrick Pouyanne has been quoted is France's Total approves first project since 2014 as profits surge. Most recently, Patrick Pouyanne was quoted as having said, “For us, this is a new era. During the last few years, 2015, 2016, we have not been able to take more capex (capital spending). Now we have room, we have more cash.”.
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Patrick Pouyanne quotes

Today what I face is many uncertainties . We are waiting to see what the foreign policy of (President-elect) Donald Trump will be, clearly Brexit and there is huge uncertainty over the future of Europe and how you deal with such a country outside of the European Union.feedback

Plus of course in the Middle East, Iran is back because of the agreement last year - it involved many difficulties around. So there is much uncertainty.feedback

It's not good for business because what business wants is predictability you know, if you are to invest, if you want to take decisions in energy you invest for 20 years, you need to have clear frameworks so that is the main risk for us.feedback

I'm not sure we fully understand what would be Mr. Trump's policies, but I'm sure it will be America first.feedback

But I also do so knowing that being the first oil major to sign a deal will open doors for the company to potentially benefit in a major market and our Iranian partners will appreciate it.feedback

When I take a decision to sign an accord with Iran on the eve of the election of Donald Trump, I do that knowing that I'm potentially exposing about $1 billion of the company's funds to risks. But I do so knowing that in the $150 billion that we manage, that risk is acceptable.feedback

To be honest, the missing element is; In what way the election of Donald Trump (as president of the United States) is going to affect the dynamics within OPEC?feedback

It will only be possible if non-OPEC countries including Russia also agree to cut (output), because Saudi Arabia will not shoulder the burden alone.feedback

This project fits with the group's strategy of expanding its presence in the Middle East, where the origins of the group lie, and growing its gas portfolio by adding low unit cost, long plateau gas assets.feedback

Naturally we have engaged discussions with Iran on this topic. So, let see if we can conclude a satisfactory deal for all the parties.feedback

We developed some phases of South Pars in the past. We were on the verge of sanctioning a project in 2010 just before the sanctions.feedback

Discussions are going on and we'll see if we can sign in the coming days.feedback

...Developing a phase of South Pars (gas field) is more in the range of $2 billion dollars than $6 billion.feedback

There were some very aggressive tenders with very low prices. Frankly, when you see prices under 30 cents per kilowatt hour, I don't understand. It does not cover the amortization of any investment.feedback

Total continues to benefit from its integrated business model and is responding effectively to short-term challenges due to good operational performance and strong cost discipline.feedback

I know that the shale oil industry is very innovative and they have cut costs and adapt but we won't be able, if we continue this way, to fill the gap.feedback

By 2020 we will have a lack of supplies. Volatility has been huge. The stress on everybody, the balance sheets of companies and countries is huge.feedback

I think they are serious…They weren't obliged to make this statement in Algiers….They have done it voluntarily and they have seen a positive impact from the market.feedback

Because of this huge volatility, we have seen a big decrease in investments.feedback

This is a strong commitment on our part. We do not intend to go beyond this range even if there was a sudden upsurge in oil prices.feedback

We are very confident that we will reach this $4 billion. Most of it will come from upstream.feedback

The idea is to leverage on economies of scale across the group.feedback

The energy world is evolving . . . There are new areas over the next 20 years beyond oil and gas that we think can be profitable.feedback

The combination of Saft and Total will enable Saft to become the group's spearhead in electricity storage.feedback

We consider that after having spent a lot of money in exploration in the last three years without the results we expected, it was preferable that exploration teams be put under a certain pressure, that they get forced to make choices.feedback

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