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TotalEnergies Set to Divest Service Stations in Ethiopia and Eritrea: What This Means for the Market

Source link : https://afric.info/news/totalenergies-set-to-divest-service-stations-in-ethiopia-and-eritrea-what-this-means-for-the-market/

Strategic shift: TotalEnergies Sells Service stations in‌ Ethiopia and Eritrea

TotalEnergies has ‍made a notable strategic decision too ‍sell its service stations in Ethiopia and Eritrea, marking a crucial ⁢change in its operations within the ⁢Horn of Africa.This​ move is set against the backdrop of a​ rapidly changing energy sector and signifies the company’s ongoing efforts to⁢ refine its global portfolio. The implications of this divestiture ⁣are expected to ​be ample for both local fuel markets and⁣ the broader economic landscape of these nations. As TotalEnergies aims ​to optimize its investment strategy, industry stakeholders will ‍be⁢ keenly observing developments in this region, which has faced numerous challenges and also opportunities ‍recently. This article explores the motivations behind this sale and‍ its potential repercussions on ‌Ethiopia’s and Eritrea’s energy sectors.

TotalEnergies divests from Horn of Africa Service…

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Author : William Green

Publish date : 2025-05-10 13:53:00

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Author : afric info

Publish date : 2025-05-10 18:51:00

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San Antonio Faces Major Risks as Government Shutdown Looms

Op-ed | New Yorkers have spoken: Clean Path NY must be a priority