AIX-EN-PROVENCE, France (Reuters) – The cost for Total of the new 550 million-euro tax on oil inventories included in France’s amended 2012 budget bill will be about 140-160 million euros ($ 172-197 million), the chief executive of the French oil major said on Saturday. “I will give you a range, because it will depend on the tax base that we don’t know yet, let’s say it’s between 140 and 160 million euros,” CEO Christophe de Margerie said on the sidelines of a news conference in the southern French city of Aix-en-Provence. …
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Total’s share of French oil inventories tax up to $197 million: CEO
Posted by admin on July 7th, 2012
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