ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 13.Mar.2026, Words: 230) — TotalEnergies is continuing to monitor the evolution of the situation in the Middle East but has shut down production or is in the process of shutting down in Qatar, Iraq and UAE offshore, representing approximately 15% of the company’s total output.
TotalEnergies said its onshore UAE production (~210,000 b/d TotalEnergies share) is not affected by the conflict at this stage, the company announced on 13 Mar. 2026 in an official statement.
Other highlights:
— he Middle East barrels’ CFFO is lower than TotalEnergies’ portfolio average due to higher taxation, and these 15% of our volumes account for ~10% of Upstream cash flow;
— growth of our accretive barrels is expected to come overwhelmingly from outside the Middle East in 2026, meaning that a higher oil price more than offsets the loss of Middle East production: an $8/bbl increase in the Brent price is enough to offset the expected 2026 CFFO from TotalEnergies’ Iraq, UAE offshore and Qatar assets at $60/bbl;
— operations at the Satorp refinery are continuing normally for now and are supplying the Saudi domestic market; and
— the impact of LNG production shutdowns in Qatar on TotalEnergies LNG trading activities is limited (around 2 Mt expected in 2026), as most Qatari LNG is marketed by QE.
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By Chad Archey reporting from Atlanta. © 1999-2026 Energy Analytics Institute (EAI). All Rights Reserved.
