The chief executive of Total said the French oil company would slash spending on exploration by 30 percent this year due to the drop in the price of oil.
French oil giant Total agreed Wednesday to pay US authorities $398.2 million to settle charges that it bribed officials in Iran to secure oil and gas concessions.
Nursultan Nazarbayev offered foreign oil and gas companies to develop Kazakhstan’s alternative economy in repayment for rights to develop natural resources.