TotalFinaElf May Invest in Siberian Oil Field

TotalFinaElf, Europe's largest investor in world oil production, is to take part in the development of the Vankor oil and gas field in the Turukhansk district of the Krasnoyarsk Region. This announcement was made yesterday by Krasnoyarsk Region Governor Alexander Khloponin after holding the first stage of talks with the head of the French Company's Russian office, Francois Rafin. Khloponin called the talks 'very constructive.'

According to the regional administration's press office, Khloponin stressed that future talks with potential investors would be held on the basis of mutual interest so that work at the Vankor field can start this summer.

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