Total, Statoil transfer stakes in Kharyaga oil field

RAMBOUILLET, France Fri Nov 27, 2009 8:57am EST

RAMBOUILLET, France Nov 27 (Reuters) - French oil group Total (TOTF.PA) is transferring a 10 percent stake in the Kharyaga oil field to Russian state oil company Zarubezhneft, Chief Executive Christophe de Margerie said on Friday.

Norway's Statoil (STL.OL) is also cutting its stake by 10 percent, leaving it with a 30 percent stake, Total said.

De Margerie also said Total would partner Russian energy group Novatec in developing the Yamal field. (Reporting by Muriel Boselli; Writing by James Mackenzie; Editing by James Regan) ((Reuters Messaging, Paris Newsroom +33 1 4949 5339;


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.