Shtokman moving forward on all fronts
For Petroleum News
French oil major Total, which reported a net profit of 12.2 billion euros ($18.9 billion) in 2007, will use its cash to fund new large-scale projects such as Shtokman, the company’s CEO Christophe de Margerie said at a shareholder meeting May 16. Total owns a 25 percent stake in Shtokman to develop....
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