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From News Desk

TotalEnergies is an integrated energy company that produces and markets energies in the form of oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity.

It has issued an advisary about the impact of the onflicts going on in West Asia on its activities –

• Production has been shut down or is in the process of shutting down in Qatar, Iraq and UAE offshore, representing approximately 15% of its total output.
• Onshore UAE production (~210 kb/d TotalEnergies share) is not affected by the conflict at this stage.
• The West Asia barrels’ CFFO is lower than its portfolio average due to higher taxation; and these 15% of its volumes account for ~10% of Upstream cash flow.
• Growth of its accretive barrels is expected to come overwhelmingly from outside West Asia in 2026, meaning that a higher oil price more than offsets the loss of West Asian production – a USD 8/b increase in the Brent price is enough to offset the expected 2026 CFFO from its Iraq, UAE offshore and Qatar assets at USD 60/b.
• Operations at the Satorp refinery are continuing normally for now and are supplying the Saudi domestic market.

The impact of LNG production shutdowns in Qatar on its LNG trading activities is limited (around 2 Mt expected in 2026), as most Qatari LNG is marketed by QE.

TotalEnergies says it is continuing to monitor the evolution of the situation on the ground and will update the public in case of material change of the above.

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