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Daily News Egypt: Total Egypt controls around 10.5% of market

The company currently annually creates 500 new job positions in Egypt.The company runs a network of 237 service stations throughout the country.
03.12.17 | Interesting article at Daily News Egypt

Total is a global energy player and is the fourth-ranked international oil and gas company globally. It operates in more than 130 countries and has more than 100,000 employees, according to the company’s performance report published.

The report indicates that Total’s global allocations are $1bn for research and development (R&D) activities annually. The company achieves a total revenues of $149.7bn annually, with a net income registered at $8.3bn, and produces 2,452 million barrels of oil equivalent—a unit of energy based on the approximate energy released by burning one barrel of crude oil—on a daily basis (kboe/day).

According to the report, Total attaches a great importance to the R&D sector, with 19 R&D centres worldwide, and allocated a budget of $5.3m for R&D activities from 2017-2022. The report indicates that around 16% of international research engineers have joined Total’s R&D teams.

Moreover, in regards to Total’s marketing and services branch, the report indicates that it is ranked as the world’s fourth largest lubricants distributor, with 84 million tonnes of petroleum products sold annually, and is Africa’s top oil products distributor. Total’s marketing and services branch achieved a total net income of $1.6bn in 2016, 28% of which were in Africa.