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Total wants 25 percent of Shtokman
-We intend to get a 25 percent stake of the Shtokman project, says Menno Gruvel, head of French oil major Total's Europe and Central Asia department. Total offers Gazprom stakes in thress other projects in return for a stake in Shtokman. At least one of these projects are outside Russia. Also the Norwegian bidders Statoil and Hydro have expressed their interest in a 20-25 percent stake in Shtokman.The two US bidders Chevron and ConocoPhillips have not revealed their plans
for the Shtokman project.
A total of 5 foreign companies were in August this year put on Gazprom's short-list for the huge Shtokman gas project in the Barents Sea. Gazprom is expected to make a final decision on which companies to include in the project this fall.
