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Total ‘Happy’ With Shtokman Stake, Sees Accord by Month-End

Total SA Chief Executive Officer Christophe de Margerie said France’s largest oil company is happy with its 25 percent holding in Russia’s Shtokman project.

The partners, led by Russian gas export monopoly OAO Gazprom, will probably complete talks on the project’s future by the end of the month, De Margerie told reporters today at the St. Petersburg Economic Forum in Russia. Norway’s Statoil ASA is the third partner in the project.