Sahel Edition

French energy firm TotalEnergies Exits Mali, Sells Operations to Bénin Petro-Backed Firm

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Posted On 1 February 2025

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TotalEnergies has exited Mali, finalizing the sale of its operations to Coly Energy Mali, backed by Bénin Petro. While no official explanation was provided, it is likely that tensions with Mali’s ruling junta may have played a role. Sources say that persistent tax pressures and recurring labor strikes may have influenced the company’s decision.

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