Financial Times FT.com

Total and Eni in plans to trade crude for reactors in Middle East

By Carola Hoyos in London

Published: July 9 2008 03:00 | Last updated: July 9 2008 03:00

Total and Eni, two of Europe's biggest oil and gas companies, each plans to bring nuclear power to countries in the Middle East in what would be a contentious shift in an industry being squeezed out of many of the biggest oil and gas fields.

Total planned to help build nuclear power plants with a view to negotiating better terms and access in the oil and gas industry in countries with which it has long relationships, Christophe de Margerie, chief executive, told the Financial Times.

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