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Total not willing to invest in Gazprom: president
PARIS
Petroleumworld.com 10 11 07
The head of French energy giant Total said Wednesday the company does not intend to invest in Russian counterpart Gazprom.
French President Nicholas Sarkozy said in Moscow earlier that French companies were ready "to buy into Gazprom."
Total president Christophe de Margerie said his enterprise was not one of the companies, when questioned by AFP on the sidelines of an energy conference in Paris.
"I am not aware that Gazprom has asked me anything of this kind," he said.
He said it was not Total's policy to take minority shareholdings in other oil companies. "We want to be in charge ourselves of our operations," he said.
Earlier a Total spokesman said the company wanted to develop its ties with Gazprom.
"We are trying to build our partership with Gazprom and we are in discussions with other Russian companies, such as Rosneft," a Total spokeswoman told AFP.
"We have a cooperation agreement with Gazprom for the Shtokman gas field," she said.
Total in July took a 25 percent stake in a consortium that is developing the huge Shtokman site in northern Russia.
Sarkozy made his comments at a press conference in Moscow after talks with Russian President Vladimir Putin.
Story by AFP 10 1843 GMT 10 07
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