TotalEnergies withdraws from Russian oil project
ECONOMICS - 06 July 2022 - 20:41
French TotalEnergies oil and gas company has announced about withdrawal from the Russian Kharyaga oil project due to sanctions against Russia.
The company agreed to transfer its share in the field to the Zarubezhneft state company, RBC-Ukraine reports with reference to Reuters.
TotalEnergies plans to transfer the 20 per cent stake that remains in the Kharyaginskoye oil field to Zarubezhneft.
This was the company's first major withdrawal from the group of shareholders in Russia after the imposition of sanctions.
"This deal is to be approved by the Russian authorities," a spokesman for the company said.
According to the agreement, TotalEnergies received about 100,000 tons of oil for export every month.
The French oil and gas company has been involved in the project for 20 years along with the Norwegian Equinor company, which left it in early 2022.


Moody's unveils factors capable of supporting quality of Azerbaijani banks’ assets
Latest news
Ukraine’s Air Force says around 10 Russian aircraft destroyed in Crimea
10 August 2022 - 18:20
Azerbaijani pundit invites Armenian scientists to Aghdam to see "ruins of Tigranakert"
10 August 2022 - 18:12
Azerbaijan, Algeria agree on political consultations, mutual visa exemption
10 August 2022 - 18:10
Azerbaijan’s prosecutor general, UK envoy discuss attack on Azerbaijani embassy in London PHOTO
10 August 2022 - 17:40
Azerbaijan registers 534 new COVID-19 cases PHOTO
10 August 2022 - 17:16
Steven Seagal comes to Russian-sieged Olenivka after prison attack PHOTO
10 August 2022 - 17:07
Azerbaijani president receives Algerian minister
10 August 2022 - 17:05
Armenian revanchists threaten to rape blogger’s children
10 August 2022 - 16:55
Yerevan daily: Baku offers Armenians to stay in Lachin and take Azerbaijani citizenship Seven families agreed to stay in Karabakh
10 August 2022 - 16:43
What has sparked the latest tensions in Karabakh? Feature story by Al Jazeera
10 August 2022 - 16:43
Ukraine receives more weapons from Germany
10 August 2022 - 16:40
Moody's raises SOCAR’s rating
10 August 2022 - 16:38
Heydar Aliyev Foundation VP watching competitions with Azerbaijani wrestlers in Türkiye PHOTO
10 August 2022 - 16:33
Azerbaijan holds commemorative events in honour of Kazakh poet PHOTO
10 August 2022 - 16:26
EU considers cancelling Schengen visa issuance within next anti-Russian sanctions
10 August 2022 - 16:26
Moscow: 1,160 economic sanctions imposed on Russia
10 August 2022 - 16:13
Opposition leader says it is impossible to separate Saakashvili from Georgian politics
10 August 2022 - 16:09
Swedish minister: EU may stop issuing visas to Russian tourists
10 August 2022 - 16:05
Azerbaijani president’s working visit to Türkiye ends
10 August 2022 - 15:56
Europe plans to wean itself off Russian fuels, supporting coal market
10 August 2022 - 15:51
Turkish army kills nine terrorists in Syria
10 August 2022 - 15:49
Rostourism expects Europe not to restrict tourist flow from Russia
10 August 2022 - 15:28
Newly-appointed German ambassador arrives in Azerbaijan
10 August 2022 - 15:27
Co-founder of Swedish Amnesty International resigns over scandalous report on AFU
10 August 2022 - 15:20
Azerbaijani taekwondo fighter grabs medal in Islamic Solidarity Games
10 August 2022 - 15:12
Google maps for Azerbaijan's liberated territories to be updated
10 August 2022 - 15:06
Denmark to train Ukrainian soldiers in UK
10 August 2022 - 14:53
Azerbaijan, Algeria eye to capitalise on existing economic potential
10 August 2022 - 14:40
CNN: Russians have begun training on Iranian drones PHOTO
10 August 2022 - 14:32
Azerbaijani FM briefs Algerian counterpart on post-war regional situation
10 August 2022 - 14:26
US HIMARS manufacturer’s website hacked
10 August 2022 - 14:26
Georgia denies reports on selling of personal files of reserve officers to Russia
10 August 2022 - 14:26
"After Russia, Washington to ratchet up pressure on China" Professor Glenn Diesen for Caliber.Az
10 August 2022 - 14:25
Topics discussed by Azerbaijani, Algerian FMs unveiled
10 August 2022 - 14:05
Algerian minister: Azerbaijan's contribution to peace, security - very important
10 August 2022 - 13:31