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Company: TotalEnergies is no longer in Mali

05/02/2025
Source : ORISHAS FINANCE
Categories: Companies

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At the beginning of the month, TotalEnergies, a French hydrocarbon giant, sold its shares to Coly Energy Mali, an entity managed by the

société
Beninese Benin Petro.

In Mali, TotalEnergies had a network of 80 gas sales outlets. Bénin Petro and its sister company based in Switzerland, Neutron, will keep the more than 1,100 TotalEnergies employees in the country, and take over the oil company's 80 service stations, as well as the supply of fuel to miners and aviation. The case took a long time to close, almost a year. U An opportunity for Bénin Petro, already present in Senegal, Ivory Coast and Nigeria. According to the investment banker, William Ediko, advisor in the operation, by taking over the activities of TotalEnergies, number one on the market in Mali, the company achieved “a great catch”.

Service stations will change names later this year.

TotalEnergie leaves Mali after more than twenty-five years of presence, without giving any explanation. In addition, some managers of the French giant believe that relations with the junta were tense; “fiscal harassment and repeated strikes by employees would have convinced Total to leave the country

”.
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