Erdogan cancels visit to Kazakhstan due to Istanbul terrorist attack - newspaperWorld December 11, 11:15
The deal of buying Rosneft's 19.5% stock is outside sanctions - sourceBusiness & Economy December 11, 11:12
Syrian military supported by the Russian aircraft repel IS attacks near PalmyraWorld December 11, 11:10
Five people die in fire in Tatarstan-emergencies ministrySociety & Culture December 11, 11:04
Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
“The Lukoil joint venture is definitely stopped,” the newspaper quoted Christophe de Margerie as saying on Monday. “But it hadn’t started so it doesn’t have any impact [on Total].”
In May 2014, Russia’s LUKoil and Total signed an agreement on creating a joint venture to develop the Bazhenov play in Western Siberia. Total holds 49% of the JV and LUKoil 51%Total’s second major project in Russia, Yamal liquefied natural gas (LNG), with Russian natural gas producer Novatek, which has been targeted by the sanctions, remains in force, the company’s CEO said.
Mr de Margerie said he hopes Yamal could raise financing from Western banks “but not in dollars,” adding that China had committed to cover 60% of the project’s financing needs, according to the report.
The new round of sanctions imposed on Russia two weeks ago by the United States and the European Union ban Western financing and technology to Russian energy projects, including shale oil exploration. The country’s shale reserves are estimated at 75 billion barrels, according to the US Department of Energy.