Trapil was created by the French government in 1950 to build and operate a pipeline and auxiliary installations to transport refined petroleum products between the Basse-Seine and Paris regions. Total will keep a 5.55% stake in Trapil.

"The sale of Total's interest in this infrastructure reflects its active portfolio management strategy," Chief Financial Officer Jean-Pierre Sbraire said. "This sale will help us achieve our target of divesting $5 billion in assets over the period 2019-2020."