Russia: Total Oil Field Under Scrutiny

Total’s license to extract oil at its Kharyaga field, its biggest Russian project, will be reviewed Friday by the country’s subsoil resources agency as the government tightens pressure on foreign-led projects.

Total’s reserves at the field are not backed up by expert assessments, Pyotr Sadovnik, the deputy head of the agency, told reporters Thursday. The French company must prove its reserves “during 2007″ rather than at end of this year as previously required, Sadovnik said.
Moscow Times