Total declines comment on report Russia may cancel Kharyaginsk field contract
Total SA said it would have no immediate comment on a report that Russia may cancel the company’s production sharing agreement in the northern Kharyaginsk oil field.
Interfax quoted the Ministry of Natural Resources as saying the agreement, as well as others with Exxon Mobil and Royal Dutch Shell to develop fields off Sakhalin Island, would be cancelled as the companies failed to fulfill their terms.
© AFX
