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Elf Aquitaine was a French oil company which merged with TotalFina to form TotalFinaElf. The new company changed its name to Total in 2003 . Elf has been maintained as a major brand of Total. The Elf scandal was, according to The Guardian, “the biggest fraud inquiry in Europe since the Second World War”. Elf Aquitaine’s heritage is rooted among three pioneering French oil companies; Régie Autonome des Pétroles (RAP), Société Nationale des Pétroles d’Aquitaine (SNPA) and Bureau de Recherches de Pétroles (BRP). These companies formed to exploit the discovery of a gas field in Saint-Marcet in the Aquitaine region of south-western France. In December 1965 RAP and BRP were merged to form Entreprise de Recherches et d’Activités Pétrolières (ERAP). ERAP had SNPA, Union Générale des Pétroles (UGP), and Union Industrielle des Pétroles (UIP) as subsidiaries. For the first time this organisation controlled all parts of production, from exploration to the filling station. On April 28, 1967 the company’s disparate brands and products were unified under the Elf brand. In 1976 Elf-ERAP became Société National Elf Aquitaine (SNEA), later Elf Aquitaine. Elf Aquitaine was listed on the NYSE in 1991. In 1993 Elf was awarded the exclusive contract to the Iraqi Oil Fields by then-Iraqi leader Saddam Hussein. In 1996 the French government sold its stake, retaining a Golden Share. In 2000 Elf Aquitaine merged with Total Fina to form TotalFinaElf, which changed its name to Total in 2003.
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