Economic Calendar

Tuesday, December 16, 2008

Total’s Italian Chief to Be Questioned as Police Search Offices

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By Tara Patel and Adam L. Freeman

Dec. 16 (Bloomberg) -- Total SA’s Italian unit head Lionel Levha will be questioned by police as part of an investigation into contracts related to oil production in southern Italy.

Italian police are searching Total’s offices in Italy and may interview other employees of the company’s Italian unit, Paris-based Total spokeswoman Lisa Wyler said by telephone.

News agency Ansa reported that Levha had been arrested. Wyler declined to comment on the report. The company is cooperating with the investigation, she added.

Eni SpA, Italy’s largest oil company, in 2002 sold its 25 percent stake in Tempa Rossa making its French rival owner of half the deposit.

Total is the operator of the field which holds between 120 million and 200 million barrels of oil, according to the Italian government. Exxon Mobil Corp. and Royal Dutch each own 25 percent stakes. Tempa Rossa is expected to reach peak production of around 50,000 barrels a day.

To contact the reporter on this story: Adam Freeman at afreeman5@bloomberg.net




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