gas

Statoil Proposes 10% Cut to Shtokman Project Cost

14:05 14/05/2012 MOSCOW, May 14 (RIA Novosti)

Norway's Statoil energy firm, a 24 percent shareholder in the big Shtokman gas project, is proposing a ten percent cut to project costs to make it more competitive in the global marketplace, Executive Vice President Peter Mellbye said on Monday.

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