Total said to discuss sale of Argentine gas pipeline stake


Total (TOT -0.7%) reportedly is in talks to sell its indirect stake in Transportadora del Gas del Norte, Argentina’s second-largest gas pipeline operator.

Proceeds from the sale would be used to boost oil and natural gas exploration in Argentina, according to Bloomberg.

TOT's partners in Gasinvest, the holding company that owns 56% of TGN, include Tenaris-controlled (TS) Tecpetrol.

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Comments (2)
  • citigroup regnum
    , contributor
    Comments (94) | Send Message
     
    Experiences of a Spanish counterpart in Argentina have to be taken in consideration by possible buyers...
    11 Jun 2014, 03:02 PM Reply Like
  • User 15572152
    , contributor
    Comment (1) | Send Message
     
    Your are right friend. The politicians always put their hands in the plate to complicate everything.
    12 Jun 2014, 08:52 AM Reply Like
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