The French company decided in September to sell a 49% stake in TotalEnergies to Terneftegaz.
French company TotalEnergies will sell its stake in Terneftegaz, a joint venture with Russia’s Novatek. He made this move after criticism for business ties with Russia. This was stated in the company’s statement, published on Friday, August 26.
“On August 26, TotalEnergies and Novatek signed a definitive sale and purchase agreement for TotalEnergies’ 49% stake in Terneftegaz. Closing is expected in September 2022 under normal conditions,” the statement said.
TotalEnergies recalled that on July 6 it announced the sale of the remaining 20% stake in the Kharyaga oil project to Zarubezhneft. This agreement was completed on August 3.
Recall that the world leader in the field of servicing the oil fields, the American company Baker Hughes, announced the sale of its business in Russia.
In addition, the largest supplier of servers in Russia, the American electronics manufacturer Dell Corporation, has finally left the Russian market.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.