Total: Continuation of SATORP Operations in Saudi Arabia and Suspension of 15% of Regional Production

SadaNews Economy - TotalEnergies announced extensive precautionary measures to address current security tensions, confirming that it has effectively begun to stop or suspend production at several strategic sites in the Middle East, while revealing flexibility in its global asset portfolio to compensate for any supply shortages.

In an official statement, the French company clarified that the operations included in the closure decisions or those that are in the process of closing in Qatar, Iraq, and offshore projects in the UAE account for about 15 percent of the company’s total global production.

The company confirmed that this percentage of halted production contributes to only about 10 percent of cash flows from exploration and production activities; indicating a limited direct financial impact of the conflict on its overall profits.

TotalEnergies reassured the markets in Saudi Arabia, confirming that operations at the SATORP refinery are currently running normally, and the refinery continues to supply fuel and refined products to meet the needs of the Saudi local market without interruption.

The company also noted that its production from onshore fields in the UAE, estimated at around 210,000 barrels per day, is still operating as usual and has not been affected by the ongoing conflict.

Regarding the impact of closing facilities in Qatar on its liquefied natural gas trade, the company confirmed that the effect remains limited, estimated at about two million tons.

In a proactive strategy for 2026, TotalEnergies anticipates that growth in added barrels of production will overwhelmingly come from areas outside the Middle East. The company emphasized that current oil price increases significantly outweigh the losses resulting from suspending part of its production in the region, thereby enhancing its ability to maintain strong profitability levels despite geopolitical fluctuations.