23-03-2015 11:52 via news.yahoo.com

Sanctions 'push Total towards China to finance Russia project'

French energy company Total is seeking the equivalent of up to $15 billion from Chinese investors to finance its part of the development of a giant gas field in Russia due to US sanctions, the Wall Street Journal reported Monday. With US sanctions on Russia over its role in the Ukraine crisis blocking investments there in dollars, Total chief executive Patrick Pouyanne told the newspaper it was looking at Chinese investors to help finance its part of the $27 billion Yamal liquefied-natural gas p
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