Oil
TotalEnergies completes $800 million sale of Renaissance JV oil stake
CEII brief
BusinessDay reported on 28 Oct 2026: TotalEnergies completes $800 million sale of Renaissance JV oil stake.
Read the full story on BusinessDayTotalEnergies SE has closed the sale of its 10 percent non-operated stake in the Renaissance joint venture’s oil licences in
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © BusinessDay. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
