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Total seeks to expand in Africa

Total seeks to expand in Africa
Total has signed a deal to lease fuel storage at the United Arab Emirates' port of Fujairah as it seeks to expand its fuel oil business into East Africa.

Total has signed a deal to lease fuel storage at the United Arab Emirates' port of Fujairah as it seeks to expand its fuel oil business into East Africa.

France's Total has signed a deal to lease fuel storage at the United Arab Emirates' port of Fujairah as it seeks to expand its fuel oil business into East Africa, trade sources said on Tuesday. Total's international trading arm Totsa signed a lease to take between 75,000-100,000 cubic metres of storage for residual fuel oil, sources said.

Paris-based Total representatives were not immediately available for comment.

The lease started sometime at the start of the second-quarter, sources said, but it was unclear how long the contract will run.

www.TurkishMaritime.com.tr

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