Total may sell its stake in the Kharyaga PSA to Zarubezhneft.

"Zarubezhneft" and the French oil company Total were in talks about a possible purchase of 40% stake owned by the French company in the Kharyaga PSA, the main problem for the Russian company was to find the money on the deal, "the Vedomosti" wrote on Wednesday, citing sources.

According to the publication, if the deal goes through, the package of the state company will grow to 60%. A source close to Total added that the companies are discussing the possibility of more active participation of "Zarubezhneft" in the activities of the PSA, but did not rule out the possibility of selling the package in the future. Another source close to the Kharyaga PSA confirmed the negotiations on the active involvement of Russian companies in the project.

Full text available to premium subscribers only.

Buy full access for 24 hours now


Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer