Total to book USD8.1 bil Q2 impairment on lower prices, stranded Canadian oil sands assets

Total to book USD8.1 bil Q2 impairment on lower prices, stranded Canadian oil sands assets
WESPECH PTE LTD
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05.08.2020

MOSCOW (MRC) --Total has revised downward its oil price assumptions and slashed the value of its Canadian oil sands assets, it said July 29, adding it would book an USD8.1 billion impairment in its second quarter of 2020 results, with a knock-on effect on its debt, reported S&P Global.In a statement a day before publishing its Q2 results, Total lowered the oil price at which it would dee

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