Total decided to stop for some time interacting with LUKOIL due punishment
French oil company Total suspends cooperation with the Russian company LUKOIL on the mutual creation of fields in Western Siberia because of anti-Russian punishment of the West, said the Executive Director of the French Christophe de Margerie.
" The joint venture with LUKOIL clearly at the time stopped. However, this project (in fact) was not running, so in Total it will not change " - quoted by de Margerie ITAR-TASS referring to the financial times. The story is, most importantly, the creation of the Bazhenov formation in the Khanty-Mansi Autonomous district. In may 2014, LUKOIL and Total have signed an agreement to establish a joint venture, where the share of the Russian company must be 51%, French - 49%the Second major project Total in Russia - Yamal LNG price of 27 billion dollars, as confirmed de Margerie, remains in force. The head of the French organizations have expressed the hope that American punishment on the Russian gas organization NOVATEK, whose share in the project is 60%, will not affect its financing banks, " but not in dollars." Remember, the relationship between Russia and the West deteriorated in connection with the situation in Ukraine. on 12 September the EU and the US on the background of the progress of the Minsk agreements between Kiev and militias Donbass about stopping the fire entered against Russia fresh penalties against financial, oil and defense industries. Also expanded the list of individuals who are under punishment.