- Total (NYSE:TOT) reaches an agreement with France's government and local authorities for construction of a new rail line that will bypass its Donges refinery, paving the way for new investments at the plant, Reuters reports.
- The French government, local authorities and TOT each will pay a third of the full cost of the bypass project, estimated at €150M.
- TOT has said an agreement on the rail line was a condition of its decision to invest €400M ($435M) to upgrade the refinery and expand its gasoline production capacity.