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Total Egypt controls around 10.5% of market, creates 500 jobs annually - Daily News Egypt

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Total Egypt controls around 10.5% of market, creates 500 jobs annually

It aims to be Africa’s top energy company with the largest production volume of oil, gas, most coherent, interconnected retail network, said Total CEO

Total Profile

Total is a global energy player and is the fourth-ranked international oil and gas company globally. It operates in more than 130 countries and has more than 100,000 employees, according to the company’s performance report published.

The report indicates that Total’s global allocations are $1bn for research and development (R&D) activities annually. The company achieves a total revenues of $149.7bn annually, with a net income registered at $8.3bn, and produces 2,452 million barrels of oil equivalent—a unit of energy based on the approximate energy released by burning one barrel of crude oil—on a daily basis (kboe/day).

According to the report, Total attaches a great importance to the R&D sector, with 19 R&D centres worldwide, and allocated a budget of $5.3m for R&D activities from 2017-2022. The report indicates that around 16% of international research engineers have joined Total’s R&D teams.

Moreover, in regards to Total’s marketing and services branch, the report indicates that it is ranked as the world’s fourth largest lubricants distributor, with 84 million tonnes of petroleum products sold annually, and is Africa’s top oil products distributor. Total’s marketing and services branch achieved a total net income of $1.6bn in 2016, 28% of which were in Africa.

Africa in numbers

Total operates in 44 African countries and around 10% of the company’s total workforce are on the continent. In 2016, Total Africa’s marketing and services branch’s total capital expenditure registered at $700m, and the branch’s revenues in Africa registered at $15bn, from 20 billion tonnes of petroleum products sold on the African continent.

“We will be known as the leading energy company in Africa with the largest volume of production of oil and gas, the most coherent and interconnected retail network, and our ability to supply electricity from renewable sources,” said Patrick Pouyanné, chairperson and CEO of Total.

The company’s strategy in Africa is based on eight obligations: supporting access to education and employment, promoting development and entrepreneurship, development of local industry, supporting health care, building long-term relationships, improving safety, protecting the environment, and easing access to energy, the report indicates.

Total in Egypt

Total Egypt is a subsidiary of Total established in 1998. The company is active in the entire oil product distribution sector, with general sales, lubricants, marine, and aviation activities as well as a retail network. The company currently annually creates 500 new job positions in Egypt.

Total Egypt’s involvement in the country has been growing constantly over the years. The company runs a network of 237 service stations throughout the country, especially in the Delta region, with mostly diesel.

Total Egypt is continuing to develop lubricants through signing contracts with importers and large automobile dealers, including numerous exclusive contracts such as with Abou Ghali (Hyundai, GM, BMW, Nissan, Maple, JMC), EATC (VW and Audi), KAYAN (SEAT), Diamond Motors (Mitsubishi), EIM (Renault), Ezz El Arab (Volvo, Citroen, Proton, Chrysler, and Great Wall), Renault Trucks, and Scania.

The company’s Egypt marketing and services branch currently has around 1,442 employees, 15.1% of whom are women. Total controls around 10.5% of the Egyptian market, and is considered the biggest private player in the market, with $17m organic capital expenditure (Organic Capex), excluding acquisitions, asset exchanges, and other inorganic capital expenditure.

On the other hand, in regards to the upstream activities, Total signed the concession agreement in the exploration block of North El Mahala onshore on January 2015 and has been awarded 25% participating interest in the exploration block North El Hammad, located in the shallow waters of the Mediterranean Sea on October 2015.

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