Business

Vladimir Putin Bans Oil Firms, Banks From Exiting Russia To Year-End

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Kharyaga, located in in West Siberia, is much smaller than Sakhalin-1, pumping about 31,000 barrels a day last year. France’s TotalEnergies SE in July said it had agreed to transfer its 20% share in the field to Russia’s Zarubezhneft, which operates the project with a 40% stake. Norway’s Equinor ASA, which has 30%, said in late May that it would exit the field. 



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