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25.10.07

Oct 25. Gazprom takes StatoilHydro on board Shtokman.

Finamrus com 25.10.2007 18:07
http://www.finamrus.com/newtopics/news03BCC/default.asp
Merged Norwegian state-run oil and gas company StatoilHydro is to enter a consortium to execute the first stage of a project to tap the Shtokman gas condensate field in the offshore zone of the Barents Sea. On Thursday Russian President Vladimir Putin spoke with Norwegian Prime Minister Jens Stoltenberg on the phone. "In light of the arrangements made by Gazprom about the participation of Norwegian company StatoilHydro in developing the Shtokman gas condensate field, Putin and Stoltenberg pointed out that this multilateral project (French company Total is also a consortium member) means new strategic thresholds for cooperation activities in the energy sector. Both parties are confident that the Russian-Norwegian partnership within this large-scale project will give a shot in the arm to bilateral relations in other sectors as well" – the presidential press service reported. Gazprom's press office confirmed that the signing ceremony for the respective documents is slated for Thursday. Details of the agreement are to be made public at a later time.

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