Home Business Coris Investment Group Acquires TotalEnergies’ Assets in Burkina Faso
BusinessNews

Coris Investment Group Acquires TotalEnergies’ Assets in Burkina Faso

1.5k

French oil and gas giant TotalEnergies is selling its assets in Burkina Faso to Coris Investment Group, RTB has reported. This move comes weeks after the company transferred its operations in Mali to Coly Énergie Mali, a local energy firm.

While the terms of the acquisition in Burkina Faso have not been disclosed, the terms of the Malian acquisition ensured that all 1,109 employees of TotalEnergies would retain their jobs. On January 23, a delegation from Coly Énergie, led by newly appointed Chairman René Hounsinou, met with Malian Prime Minister General Abdoulaye Maïga. During the meeting, they introduced the company’s new leadership and reassured the government of continued operations without disruptions.

The Malian government welcomed the acquisition, seeing it as a positive step for the country’s energy sector, with potential benefits for the local market and employment. TotalEnergies has operated in Mali for over 60 years, playing a key role in the oil and gas industry and, more recently, in renewable energy through its affiliate, Total Eren.

Read Also:

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

News

Niger Launches New National Airline

The government of Niger announced on Thursday, September 4, the creation of...

NiDCOM Boss Abike Dabiri-Erewa Amplifies Ethnic Slur Against Nigeria’s Igbo Group
News

NiDCOM Boss Abike Dabiri-Erewa Amplifies Ethnic Slur Against Nigeria’s Igbo Group

Abike Dabiri-Erewa, Chairman of the Nigerians in Diaspora Commission (NiDCOM), has been...

"galamsey" in Ghana continues to be a thorn in the side of national and international attention
News

Ghana’s Environment Ministry Moves to Revoke Mining Law in Fight Against Illegal Mining

The Ministry of Environment, Science, and Technology has initiated a decisive legal...