LONDON (Thomson Financial) - Total and Eni are both looking to bring nuclear
power plants to countries in the Middle East, the Financial Times reported.
Total plans to help build nuclear plants with a view to negotiating better
terms and access in the oil and gas industry in countries in the region with
which it has long relationships, chief executive Christophe de Margerie told the
newspaper.
In January the French company, together with nuclear group Areva and utility
Suez, signed a deal to build two pressurised water reactors in the United Arab
Emirates.
De Margerie said he expects to sign a similar deal with another Middle
Eastern country soon.
Separately, Eni chief executive Paolo Scaroni told the newspaper he is
considering following Total's lead, with Egypt and Algeria being possible
candidates.
De Margerie added that in the longer term Total could also help India build
reactors.
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