international magazine
09 / 2004


TOTAL'S RUSSIAN STRONGHOLD



The reports in media on a French company desire to acquire shares of «modest Russian oil company» led the market to believe that the transnationals are interested in top-ten of Russia's oil&gas producers, which even rallied the share price of some of them. Shortly afterwards it surfaced that the French target controlling stake of Novatek, the second largest gas producing company in Russia.