Blue and Green: French oil firm Total is exploring the possibility of collaborating with private company Lukoil in Russia in unconventional oil extraction, despite the US and EUs sanctions linked to the annexation of Crimea.
The talks between Total and Lukoil, which is the largest private energy company in Russia, could end in a joint venture to collaborate over the extraction of unconventional shale oil, according to the Financial Times.
Lukoil is examining the Bazhenov formation, an area in West Siberia...