Total Agrees to Buy 12% of Novatek, Enter Yamal LNG Project
Total SA (FP) , Europe’s third-biggest oil company, agreed to buy 12 percent of OAO Novatek and join the gas producer’s Arctic LNG project to expand in Russia.
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Total to get 12 percent stake in Russia’s Novatek for bn
French energy giant Total has entered a “strategic partnership” with Russia’s Novatek paying $ 4 billion (2.9 billion euros) for a 12 percent stake in the gas firm the company said Wednesday.
Read more on AFP via Yahoo! UK & Ireland News
Total sees launch of 12 top projects by 2012
* Sees exploration budget to continue rising after 2011
Read more on Reuters via Yahoo! Asia News