Total to Buy $4B Stake in Novatek, Join Arctic LNG Project

Maritime Activity Reports, Inc.

March 7, 2011

According to a March 3 report from Bloomberg, Total SA (FP), Europe’s third-biggest oil company, agreed to buy 12% of OAO Novatek and join the Yamal LNG project to snap up reserves as international energy producers rush to explore Russia’s Arctic resources.

 
(Source: Bloomberg)
 
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