In an uncommon upbeat sentiment on Egypt’s business outlook, French oil major, Total, said it will stay invested in Egypt in the face of political and social turmoil in that country.

“Total’s vision of Egypt over the medium-to-long term is positive,” Total CEO, Christophe de Margerie, told Wall Street Journal (WSJ) on Thursday.

Total is currently in high-profile discussions with Chevron aimed at the acquisition of Chevron’s distribution set up in the troubled North African country.

According to WSJ, if Total succeeds in buying Chevron’s network in Egypt, its local share of the “gasoline retail market” would surge to 17 percent from a low base of 4 percent.

Additionally, Total is planning to sell its non-core assets to drive its forceful investment programme in other countries. This could include Egypt.

The company is prepared to pour money into its exploration pursuits. The company could sell non-core assets worth $20 billion next year, according to WSJ.

Total has over nearly a Century growing its business in more than 130 countries. It is now a major player in the oil, gas and chemical industries globally.

The company makes decisions about capital expenditures and initiate projects based on a strategic vision focused squarely on sustainable development.