Sunday, July 15, 2007

UPDATE 1-Total sees Shtokman investment at $4-5 bln -report

(Reuters) - Gazprom chose Total as development partner on Thursday in a
sign of closer Moscow-Paris ties, but the move left questions
over how good a deal the French group had won.




Under the deal, Total will receive a 25 percent stake in the
company that will build and own the pipes, rigs and other
infrastructure for the first phase of Shtokman's development.
Asked whether not holding a stake in the production license
was risky, de Margerie said: "A group like ours wishes for a
remuneration that corresponds to the risks taken and the work
that has been made."


Read more at Reuters.com Bonds News

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