Western energy firms to exit Russian oil project ...News

Economy by : (Russia Today) -
Norway’s Equinor and France’s Total will sell their stakes due to anti-Russia sanctions The Russian government has issued an order for the shares held by Norway’s energy company Equinor and France’s TotalEnergies in a major oil field, to be transferred to the project’s operator, state-run Zarubezhneft. The European companies decided to pull out of the Kharyaga oil project due to international sanctions against Russia. Equinor held a 30% stake in the field, and Total owned 20%. The terms of the equity transfers have not been disclosed. Both firms had been part of the Kharyaga onshore oil development, located in R

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