A fuel company in France, TotalEnergies, has conducted long term initiatives to increase the production of commodities like oil and gas till the year 2030, whiles trying to locate measures to prove to potential investors that they are the best.
The CEO of TotalEnergies, Patrick Pouyanne, disclosed that the company has a closet full of pending projects enough to incur growth throughout a decade.
Irrespective of the Russia-Ukraine war effect on a lot of investments, TotalEnergies raised it’s growth forecast in oil and gas production to an approximate of 3% and this will last till 2030, after a launch of 6 major projects this year in Brazil, Suriname, Angola, Oman and Nigeria respectively.
To justify the recent changes, Pouyanne pointed to the natural decline in oil production worldwide and the rise in the global demand for oil as the reasons behind the initiatives.
