September 18, 2026 [Oil Price]- TotalEnergies and BlackRock’s Global Infrastructure Partners (GIP) have signed a $1.8 billion partnership agreement to invest in TotalEnergies’ oil and gas infrastructure assets in Africa. In return, TotalEnergies will pay GIP tariffs over up to 15 years based on asset throughput. TotalEnergies has been expanding its operations in Africa, with recent discoveries in Angola and expansions in Namibia, aiming to enhance its presence in the region. Additionally, the company and China’s CNOOC are developing oil fields in Uganda, set to make it a new crude oil exporter by early 2027 via the East African Crude Oil Pipeline.

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