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Gazprom chooses Total as partner for major Barents Sea gas field

Home (The Associated Press) - MOSCOW: Russian giant OAO Gazprom said it has chosen France's Total SA as a partner to develop the Shtokman gas field in the Barents Sea, a decision that should accelerate development one of the world's biggest and most challenging natural gas deposits.

Gazprom CEO Alexei Miller said Total would receive a 25 percent stake in an operating company that would be created to plan, finance and build the first stage of the project, and that another foreign partner could be given a 24 percent stake in the future.

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