Total (TOT +2.4%) says it is looking to sell TIGF, its natural gas pipeline operator in...

|By:, SA News Editor

Total (TOT +2.4%) says it is looking to sell TIGF, its natural gas pipeline operator in southwest France, as part of its strategy to divest $15B-$20B in assets over the next two years and restructure its refining and chemicals business to raise cash for new oil and gas extraction projects. TOT also signs a $200M deal with Schlumberger's (SLB) Framo unit for a pumping system in Angola.