TotalEnergies Faces 15% Output Drop Amidst US-Israel-Iran Conflict, UAE Outages Confirmed
TotalEnergies has experienced a 15% reduction in its oil and gas output due to disruptions caused by the ongoing U.S.-Israeli war with Iran, impacting fields across the Middle East. Confirmed outages include facilities in the UAE, Qatar, and Iraq, the French oil major announced on March 12, 2026.
Impact on TotalEnergies’ Finances
The lost production represents approximately 10% of TotalEnergies’ upstream cash flow, according to the company’s investor website [2]. This marks the first official confirmation of widespread production outages in the UAE stemming from the crisis. While Qatar and Iraq had previously announced production cuts, the UAE had not publicly disclosed any information until now.
Regional Disruptions
TotalEnergies’ offshore production in the UAE has been completely shut down. The UAE relies on offshore fields for around half of its total oil production [1]. The disruptions also extend to liquefied natural gas (LNG) production in Qatar, impacting TotalEnergies by an estimated two million tonnes of LNG.
Offsetting Factors and Continued Operations
Despite the production losses, TotalEnergies anticipates that increased oil prices – rising by $8 per barrel as a consequence of the war – will offset the impact on its overall earnings this year. The company is also bringing additional production online in other regions [4]. Operations at the SATORP refinery in Saudi Arabia remain unaffected and are continuing as normal.
Key Takeaways
- TotalEnergies has lost 15% of its oil and gas output due to the U.S.-Israeli war with Iran.
- Outages are confirmed in the UAE, Qatar, and Iraq.
- The UAE’s offshore production is entirely shut down.
- Rising oil prices are expected to offset some of the financial impact.
- Operations at the SATORP refinery in Saudi Arabia are unaffected.
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