French Total to start sending oil deposit revenues to Russia

Publish date: April 10, 2006

However, the company did not specify the amount of the transaction, RIA Novosti reported. The move came a day after a statement was issued by the Russian natural resources ministry saying that Total was not fulfilling the conditions under the production-sharing agreement on the development of the Kharyaga deposit. Total has been developing the Kharyaga deposit under a production-sharing agreement signed in 1995 that came into force on January 1, 1999.

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