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.
