This archive report was first published on 31 October 2019.
On October 31, 2019, Total's Chief Finance Officer, Mr. Jean-Pierre Sbraire, told Reuters that it was too early for the company to confirm its final investment decision on the Uganda oil project.
Despite being committed to pushing through with the project, Total has been held back by issues with the Ugandan authorities, including a tax disagreement that led to the cancellation of a deal to buy some of Britain's Tullow Oil stake in the 230,000 barrel per day project.
These delays come after Total's Chief Executive Officer, Mr. Patrick Pouyanne, announced early last year that the Uganda oil project would be the company's priority.
As a French petroleum company, Total operates along the entire energy value chain, from exploration wells to end clients worldwide.
