Crimea: Crimea Crisis Has Little Impact Thus Far on Russian Oil Deals

Mar 28, 2014 | Andrew E. Kramer and David Jolly, The New York Times
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MOSCOW — The French energy giant Total is in talks with Lukoil to form a joint venture to develop shale oil in Russia, as Moscow seeks to offset declining production from its conventional oil fields in Siberia.The talks began before the Crimean crisis and are continuing, according to an oil company executive close to the negotiations who spoke only on the condition of anonymity. Lukoil and Total declined to comment on the project.