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Asharq Al-Awsat

Business

Abu Dahbi - Asharq Al-Awsat

ADNOC Distribution to Acquire 50% Stake in 'TotalEnergies Egypt'

TotalEnergies ADNOC Egypt Oil

The signing ceremony between ADNOC Distribution and TotalEnergies Egypt (Asharq Al-Awsat)

Abu Dhabi National Oil Company (ADNOC) Distribution agreed with "TotalEnergies Marketing Afrique SAS" to acquire a 50 percent stake in TotalEnergies Egypt for about $186 million, with an additional earn-out of up to $17.3 million.

TotalEnergies Egypt was established in 1998 and is a leading global multi-energy company with a strong brand and successful track record.

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