TotalEnergies has no plan to divest Russia assets

Gradual exit: A driver fills up a petrol can in Lucciana, southern Bastia on the French Mediterranean island of Corsica. French energy major Total says it will no longer sign or renew contracts to buy oil and petroleum products from Russia. — AFP

DUBAI: TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to president Vladimir Putin’s regime, chief executive officer Patrick Pouyanne says.

“For me, it’s a question of accountability and the responsibility of the offshore stakeholders,” he said during a conference in Doha, Qatar.