MOSCOW, Oct 21 - The chief executive of French oil major Total, Christophe de Margerie, was killed in an airplane collision with a snowplow at Moscow's Vnukovo International Airport, airport spokeswoman Elena Krylova said on Tuesday. "Tonight, a plane crashed when it collided with a snow-clearing machine. Three crew members and a passenger died. I can confirm that the passenger was Total's head de Margerie," she said. The collision occurred during takeoff of the Dassault Falcon business jet in which de Margerie was a passenger late on Monday, just minutes before midnight Moscow time, an airport statement said. The plane was due to travel to Paris. Total representatives were not immediately reachable for comment. De Margerie was on a list of attendees at a Russian government meeting on foreign investment in Gorki, near Moscow, on Monday. De Margerie, 63, a graduate of the Ecole Superieure de Commerce business school in Paris, became chief executive officer of Total in February 2007, taking on the additional role of chairman in May 2010, after previously running its exploration and production division. Total SA is France's second-biggest listed company with a market value of 102 billion euros and the West's fourth biggest oil and gas group. The company cut its 2017 oil output goal last month and said it would step up asset sales and overhaul exploration. Like other big oil companies, Total has been under pressure from shareholders to cut costs and raise dividends as rising costs in the industry and weaker oil prices squeeze profitability. De Margerie said in July that he should be judged based on new projects launched under his watch, such as a string of African fields. He also said then that Total would seek a successor from within the company rather than an outsider. Total is one of the top foreign investors in Russia, but its future there grew cloudy after the July 17 downing of a Malaysian passenger airliner over Ukrainian territory held by pro-Russian rebels worsened the oil-rich country's relations with the West and raised the threat of deeper sanctions. Total said last month that sanctions would not stop it working on the Yamal project - a $27 billion joint venture investment to tap vast natural gas reserves in northwest Siberia that aims to double Russia's stake in the fast-growing market for liquefied natural gas. De Margerie said then that Europe could not live without Russian gas, adding that there was no reason to do so.
More
Vingroup proposes funding research of metro from downtown Ho Chi Minh City to coastal district
The development of a metro line connecting the downtown area to Can Gio is fully aligned with the city's transport development trends and needs
Read more
World reacts to Trump's plan to withdraw US from Paris climate pact
President Donald Trump will order the U.S. to withdraw from the Paris climate agreement, the White House said on Monday, once again placing the world's top historic emitter of greenhouse gas emissions outside of the global pact aimed at pushing nations to tackle climate change through domestic actions
1 day agoTrump orders US exit from the World Health Organization
The U.S. departure will likely put at risk programs across the organization
1 day agoHistoric Thai law recognises same-sex marriages - but not all families are equal
Thailand will become the first country in Southeast Asia and third place in Asia to recognise marriages of same-sex couples
2 days agoBank of Japan poised to raise rates to highest in 17 years
The move would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis
2 days agoRebel violence in the Colombian jungle leaves 20 dead
The violence follows an offensive launched by another rebel group, the National Liberation Army, in northeastern Catatumbo region
1 day agoHighlights
No strong volatility forecast for Vietnam’s stock market after Trump assumes office: expert
There will not be major disruptions in the Vietnamese stock market in the coming week
Latest news
No strong volatility forecast for Vietnam’s stock market after Trump assumes office: expert
There will not be major disruptions in the Vietnamese stock market in the coming week
Imexpharm posts strong growth in 2024: Net revenue hits VND2,205 billion, EBITDA up 12.3%
It is one of the fastest-growing pharmaceutical companies in Vietnam
Vietnam, Switzerland elevate ties to comprehensive partnership
Switzerland is one of Vietnam’s key trading partners in Europe, while Vietnam ranks as Switzerland’s fourth-largest trading partner in ASEAN
Ho Chi Minh City begins charging fares for 1st metro line
Passengers are encouraged to make cashless payment for metro services
Vietnam's durian exports challenged by China's banned substance test rule
The Chinese General Administration of Customs implemented this measure to ensure food safety, creating challenges for Vietnamese exporters
Vietnamese PM meets with Ukrainian President in Davos
Both leaders expressed their desire to maintain and enhance bilateral collaboration, including delegation exchanges at various levels
4-generation southern Vietnam-based banh tet shop works day and night to meet Tet demand
The shop is now receiving around 100 orders per day, and during peak times, this number can reach 1,000
Online marketplace flooded with Chinese goods ahead of Tet in Vietnam
Many stores on TikTok are run by Chinese individuals who speak Vietnamese and promote goods to local buyers
Vietnamese allowed to stay 90 days per year visa-free in Belarus
This visa exemption agreement will officially take effect on January 30, 2025
Da Nang calls on Swiss firms to invest in financial hub
He encouraged Sygnum to establish its presence in Vietnam as soon as possible