TotalEnergies Shutting Production in Qatar, Iraq Amid Fighting in Middle East

Dow Jones

03/14

By Kelly Cloonan

TotalEnergies is shutting down production in several countries as fighting continues in the Middle East.

The French energy company said Friday production has stopped or is in the process of shutting down in Qatar, Iraq and the United Arab Emirates offshore, representing about 15% of the company's total output. TotalEnergies said the conflict has not affected its onshore production in the UAE.

TotalEnergies said its cash flow from operations from barrels in the Middle East are lower than its portfolio average due to higher taxation. As a result, while the production cuts affect 15% of its volumes, they account for only 10% of upstream cash flow, the company said.

The company said it expects growth from its accretive barrels to come overwhelmingly from outside the Middle East this year, meaning that higher oil prices would more than offset its production shutdown in the region.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

March 13, 2026 14:53 ET (18:53 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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TotalEnergies said the conflict has not affected its onshore production in the UAE. \n</p>\n<p>\n  TotalEnergies said its cash flow from operations from barrels in the Middle East are lower than its portfolio average due to higher taxation. As a result, while the production cuts affect 15% of its volumes, they account for only 10% of upstream cash flow, the company said. \n</p>\n<p>\n  The company said it expects growth from its accretive barrels to come overwhelmingly from outside the Middle East this year, meaning that higher oil prices would more than offset its production shutdown in the region. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2026 14:53 ET (18:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2129689605.HKD","symbol_name":"FRANKLIN GLOBAL INCOME \"A\" (HKD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2619112033","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619112033","pubTimestamp":1773427980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"TotalEnergies is shutting down production in several countries as fighting continues in the Middle East.The French energy company said Friday production has stopped or is in the process of shutting down in Qatar, Iraq and the United Arab Emirates offshore, representing about 15% of the company's total output. 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TotalEnergies said the conflict has not affected its onshore production in the UAE. \n\n\n  TotalEnergies said its cash flow from operations from barrels in the Middle East are lower than its portfolio average due to higher taxation. As a result, while the production cuts affect 15% of its volumes, they account for only 10% of upstream cash flow, the company said. \n\n\n  The company said it expects growth from its accretive barrels to come overwhelmingly from outside the Middle East this year, meaning that higher oil prices would more than offset its production shutdown in the region. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2026 14:53 ET (18:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}