Total Gabon’s revenues down

Total Gabon’s revenues down

Revenues downed 23% to $299 million in first-quarter 2014, compared to the prior-year period ($390 million), despite production increase. This drop resulted from a slight decrease in the price of the crude oil grades marketed by Total Gabon (2% dip, or $2.5 per barrel) and a decrease of the volumes sold during quarter (21 %, or 771 kb), a lifting of 885 000 barrels of oil Mandji having been made on December 31st, 2013. Fourth-quarter 2013 high revenues of $568 million stemmed from two liftings of Mandji crude oil made respectively at the beginning (884,000 barrels) and at the end of quarter (885,000 barrels)
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