Financial Times FT.com

Shtokman offers hope of turning tide for big oil

By Ed Crooks and Javier Blas in London

Published: July 9 2007 19:59 | Last updated: July 9 2007 19:59

It may be only a small success but the Shtokman field looks like a victory for international energy companies.

Gazprom has said foreign companies will be allowed to share in the rewards and risks of the project developing the gas field as partners.

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