French Total to continue investing in Turkey


AA - French oil company Total is preparing to invest USD 100 million in Turkey. Total Oil Turkey's Director General Olivier Chalvon-Demersay said Total has raised its market share to seven percent in Turkey, despite the global economic crisis in 2009.


Expressing the importance Total attaches to Turkey, Chalvon-Demersay said Total’s investments reached USD 100 million in 2009 and that the company will continue to invest in 2010. Chalvon-Demersay stated that Total will provide employment opportunities for some 1,000 people with the planned investments.


Noting that Turkey has successfully overcome the global economic crisis, Total Turkey’s Director also underlined that his company has confidence in the Turkish economy.


total; oil; turkey; investments; Olivier Chalvon-Demersay