Total Oil, Russia Oil and Gas

First supplies from Yamal LNG might start until October 2017

The first tanker with LNG will leave Yamal LNG until October 2017, the head of Total, P. Pouyanne, said.
The stake of Total is 20%.

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France is ready to invest in Yamal LNG

The French Economy Minister Michel Sapin has agreed in principle on participation of the French export agency Coface in financing of the Yamal LNG project.

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"Novatek" sees the possibility of a significant reduction in the cost of LNG production – Michelson.

"Novatek" saw the possibility of a significant reduction in the cost of production of liquefied natural gas (LNG) and, as a consequence - increase in its production, the head of the compa

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Novatek opens French purse

Novatek has still found an opportunity to draw to Yamal LNG the money of French banks, which have been afraid to deal with the project due to US sanctions until now, although it involved the French

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Total intends to compete with Russian producers

Total’s subsidiary has plans to invest $50 million into the construction of a petrochemical plant in the Kaluga region, which will manufacture automotive oils.

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Italy can take part in financing of Yamal LNG project

Italian financial institutions and export credit agencies may take part in the financing of the Yamal LNG project.

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Gazprom and Total launch new field in Bolivia

The consortium, which includes Total and Gazprom, has launched the Incahuasi field in Bolivia.

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Total lays off 70% of Russian personnel because of rejection from the largest project on oil production

The French company Total has cut 70% of staff in its Russian division, the Forbes reports, citing sources. The office employed about 600 people.

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Zarubezhneft to pay about $60 mln to Total for 20% in Khariyaginskoye production sharing agreement

The amount of the deal on transfer of the Total’s share of 20% in the agreement on development and production of oil at Kharyaga under production sharing agreement is approximately $60 millio

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Total and Rosneft launch field in Bolivia

French Total and Gazprom have started operation of the Inkausi gas condensate field in Bolivia, the production capacity of which is estimated at 50 thousand barrels of oil equivalent per day.

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