Total S.A.
05 September 2005
Total to buy ExxonMobil's Downstream Interests in 14 African Countries
Paris - September 5, 2005 - Total has signed Sale and Purchase Agreements to
acquire the shares in ExxonMobil companies operating fuels and lubricants
businesses in 14 African countries. The transaction remains subject to any
necessary approval of the relevant authorities in each country and until such
approval is granted, the two companies will continue to operate as competitors.
The agreement includes ExxonMobil's marketing motor fuels, lubricants, aviation
and marine petroleum products in Chad, Djibouti, Ethiopia, Eritrea, Ghana,
Guinea, Liberia, Malawi, Mauritius, Mozambique, Sierra Leone, Togo, Zambia and
Zimbabwe. This acquisition represents a network of around 500 service stations
and 29 terminals and depots.
With a presence in more than 40 countries, Total's downstream activities in
Africa before this acquisition included an interest in seven refineries, a
network of around 3,300 service stations, as well as petroleum products, such as
lubricants, aviation fuel, liquefied petroleum gas (LPG). With this agreement,
Total confirms its commitment to strengthen its presence and its growth strategy
in Africa.
* * * * * *
Total is the fourth largest oil and gas company in the world with operations in
more than 130 countries. Total's activities cover the whole energy chain of the
petroleum industry: exploration, oil and gas production, refining and marketing,
trading and power generation. The Group is also a major player in chemicals.
Total has more than 111,000 employees worldwide. More information can be found
on the company's website: www.total.com
This information is provided by RNS
The company news service from the London Stock Exchange
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