TotalEnergies reported that production in Qatar, Iraq, and offshore United Arab Emirates (UAE) is either halted or in the process of shutting down, representing around 15% of the company’s total output. Onshore UAE production, estimated at 210,000 barrels per day (bbl/d) (TotalEnergies’ share), remains unaffected by the ongoing regional tensions, according to a statement by TotalEnergies.

The company noted that Middle East barrels generate lower cash flow from operations (CFFO) than its portfolio average due to higher taxation, with the affected 15% of volumes accounting for roughly 10% of upstream cash flow. However, TotalEnergies expects 2026 growth to come largely from outside the Middle East, meaning higher oil prices could offset the production loss. The company calculated that an $8 per barrel increase in Brent crude would compensate for the CFFO impact of its Iraq, UAE offshore, and Qatar assets at $60 per barrel.

Operations at the Satorp refinery in Saudi Arabia are continuing normally, supplying the domestic market, while the impact of Qatar LNG shutdowns on the company’s liquified natural gas (LNG) trading activities is limited, with only about 2 million tonnes expected in 2026, as most Qatari LNG is marketed by QatarEnergy.

TotalEnergies said it is closely monitoring the situation and will provide updates if material changes occur.

Tensions in the Middle East have led to production disruptions in key oil and gas exporters, including Qatar, Iraq, and the offshore UAE. These shutdowns are partly due to geopolitical conflicts affecting operations and exports, though onshore UAE and Saudi facilities remain largely stable. The situation has caused a temporary reduction in regional output, while global markets are adjusting to supply uncertainty.