February 20, 2014 / 6:10 AM / 4 years ago

Technip CEO sees oil major spending up 5-6 pct in 2014

PARIS, Feb 20 (Reuters) - French oil services group Technip’s chief executive said on Thursday he expected capital expenditure (capex) by international oil companies to grow by 5 to 6 percent in 2014, lower than during the previous decade.

“In the previous decade, majors and super majors had double-digit growth rates, and at the moment we’re more on 5-6 percent growth rate,” CEO Thierry Pilenko told reporters on a conference call. (Reporting by Michel Rose; Editing by Andrew Callus)

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