Total suspends joint work with LUKOIL Western Siberia
French oil Firm Total suspends cooperation with LUKOIL on the mutual creation of fields in Western Siberia on the background of punishment in Western countries against Russia, said the head of Total Christophe de Margerie.
" The joint venture with LUKOIL clearly at the time stopped. However, this project has not been started, so it will have no effect (Total - edit) " - quoted by de Margerie magazine.
at the same time last week, the CEO of the organization, total exploration development of Russia " (a subsidiary of France's Total) Jacques de Boisseson assured that the Firm will continue to work in the Russian Federation, regardless of the punishment.
at the end of may, the French Firm has signed an agreement with LUKOIL on establishing a joint venture company to develop the Bazhenov formation. As part of the test project, the JV will samoissledovaniya, evaluation, and research, including the drilling of appraisal wells on the subsoil, where there are uglevodsoderzhashchie layers Bazhenov and spreading her tight sweet.
it was stated that the pilot project will be implemented on Glanowska license area, mineral rights owned subsidiary of LUKOIL OJSC " RITEK ", and on the East Kovno, Tushinskom and lapinska-3, where rights of use has Total. The total area of these 4 sites located in the Khanty-Mansiysk Autonomous district-Yugra, is 2, 7 thousand square kilometers.
The US and EU do not recognize the annexation of Crimea to Russia and accused Moscow of interfering in Ukraine. Russia denies it and calls the accusations are unacceptable. Western countries since March has repeatedly imposed punishment on a number of Russian politicians, businessmen and organizations and threatened to make wider restrictive measures. The last case of the use of such practices began in September punishment.
A complete list of Russian Citizens and organizations who are under punishment, -