French oil giant Total\u2019s prices on the Euronext stock exchange dropped 2 percent after the death of the company\u2019s CEO in a plane crash in Moscow, the market reported Tuesday.<\/p>\n
On the Euronext Exchange, Total\u2019s stocks dropped by 2 percent on the Paris market after news from Moscow verified that CEO Christophe de Margerie had died in a crash with a snowplow on the runway of Vnukovo Airport late Monday night, killing all four individuals on board the aircraft.<\/p>\n
Russian investigators have confirmed that the driver of the snowplow was drunk.<\/p>\n
The Falcon 50 jet crashed late Monday night in the Vnukovo-3 Airport in Moscow after the aircraft hit a snow removal vehicle on takeoff. The aircraft was flying from Moscow to Paris with energy giant Total\u2019s head Christophe de Margerie as the only passenger on board besides three crew members, also French citizens.<\/p>\n
Russian President Vladimir Putin has sent a telegram to his French counterpart Francois Hollande expressing condolences over the death of Total\u2019s CEO and crew members<\/p>\n
\u201cI am shocked by the report of an air crash at the Moscow Vnukovo airport, which has led to the death of the chairman of the board of directors and the president of the Total oil concern, Christophe de Margerie, and the crew members,\u201d Putin said in the telegram.
\n\u201cI ask you to convey the most sincere condolences and regrets to the relatives and friends of Christophe de Margerie, a distinguished French businessman who stood at the origins of the major joint projects which have laid the basis for the fruitful cooperation between Russia and France in the energy sphere for many years,\u201d the telegram reads.
\nThe president\u2019s press secretary Dmitry Peskov said Putin knew Margerie and maintained close working contacts with him. The president highly valued Margerie\u2019s business qualities and his consistent commitment to the development of Russian-French relations and mutually beneficial cooperation on the whole, Peskov said.<\/p>\n
Russia’s former finance minister Alexey Kudrin said on his page in Twitter Christophe de Margerie did a great deal in order to promote investments in the Russian economy. Kudrin also offered condolences over Margerie\u2019s death in the crash.<\/p>\n
“It is a grave tragedy,\u201d he said.<\/p>\n
De Margerie, who joined the French oil giant in 1974, has been credited with significantly expanding the company\u2019s operations in Russia, which accounted for about nine percent of Total’s oil and gas output in 2013.<\/p>\n
The late Total CEO was an outspoken critic of Western sanctions imposed on Russia over its involvement in the Ukrainian crisis.<\/p>\n
In July, he told Reuters news agency that Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer.<\/p>\n
Total said last month that sanctions would not halt its involvement in the so-called Yamal project, a $27 billion joint venture investment to tap vast natural gas reserves in northwest Siberia.<\/p>\n","protected":false},"excerpt":{"rendered":"
French oil giant Total\u2019s prices on the Euronext stock exchange dropped 2 percent after the death of the company\u2019s CEO in a plane crash in Moscow, the market reported Tuesday. On the Euronext Exchange, Total\u2019s stocks dropped by 2 percent on the Paris market after news from Moscow verified that CEO Christophe de Margerie had … Continue reading “Total CEO dies in crash at Moscow airport”<\/span><\/a><\/p>\n","protected":false},"author":2961,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49,3],"tags":[2538,9412,10337,534,339,1343,66,9411],"class_list":["post-16499","post","type-post","status-publish","format-standard","hentry","category-europe","category-news","tag-ceo","tag-christophe-de-margerie","tag-energy-politics","tag-france","tag-moscow","tag-putin","tag-russia","tag-total"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/16499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/2961"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16499"}],"version-history":[{"count":2,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/16499\/revisions"}],"predecessor-version":[{"id":16505,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/16499\/revisions\/16505"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}