TotalEnergies Chairman And CEO Says Planned Mozambique Project Remains Profitable, We Remain Committed To It; Plans To Visit Mozambique By End Of This Month To Meet New President; On Mozambique Project: Waiting For Another Three Countries To Confirm Commitments On Financing, Waiting On Green Light On Financing From Three Credit Agencies, As Soon As That Is In Place We Will Move, Targeting First Oil From This Project In 2029; Targeting First Oil From This Project In 2029
Portfolio Pulse from Benzinga Newsdesk
TotalEnergies remains committed to its Mozambique project, with plans to visit the country and meet the new president. The project awaits financing confirmation from three countries and credit agencies, targeting first oil by 2029.
October 02, 2024 | 3:33 pm
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POSITIVE IMPACT
TotalEnergies' Mozambique project remains on track, with the company committed to its profitability. The project is awaiting financing confirmation from three countries and credit agencies, with first oil targeted by 2029.
The commitment to the Mozambique project and the expected timeline for first oil in 2029 indicate a positive outlook for TotalEnergies. The project is significant for the company's future growth, and the CEO's visit to Mozambique underscores its importance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90