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Hands off

26 April 2004 By Fiona Maharg-Bravo

The French oil company doesn t necessarily need a deal it has better growth prospects than its rivals. But Total is right to strike opportunistically, while Shell is in the dumps, and the Washington/Moscow conflict keeps the US majors offside. But Total is right to strike opportunistically, while Shell is down and the US majors are out of favour due to political tensions over Iraq.

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