April 18 (Reuters) - French energy company
TotalEnergies' variable cost margin for European
refineries jumped to $87.8 dollar per tonne in the first
quarter, the company said in a preliminary release of main
indicators on Tuesday.
This indicator, which represents the average margin on
variable costs realized by the group's European refining
business, compares with 46.3 dollars per tonne in the same
period of 2022.
TotalEnergies also said its hydrocarbon production is
expected to exceed 2.5 thousand barrels of oil equivalents per
day (Mboe/d), benefiting from the start-up of gas production on
Block 10 in Oman and the acquisition of an interest in the SARB
and Umm Lulu oilfields in the United Arab Emirates.
The oil giant also expects results of the integrated LNG
business will be impacted by te lower demand for LNG in Europe
due to the mild winter weather and high inventory levels, it
said, in addition to the effect of Russian gas firm Novatek's deconsolidation from Jan. 1 2023.
TotalEnergies will publish its first-quarter results on
April 27.
(Reporting by Diana Mandiá, Editing by Louise Heavens)
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