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Russia Will Not Revoke Total License

Natural Resources Minister Yury Trutnev (right) during a cabinet meeting (ITAR-TASS) October 12, 2006 -- Natural Resources Minister Yuri Trutnev says Russia is not seeking to revoke the license of the French company Total to tap the Kharyaga oil field.

A senior official in Trutnev's ministry said last month that Total's license was being reviewed.

Russia is probing several Western-led energy developments in what some analysts say is a bid to secure a bigger role for domestic companies.


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