France’s oil and gas major Total is looking to sell a third of its 17-percent interest in the giant Kashagan oil field in Kazakhstan, aiming to raise up to US$4 billion from the sale, Reuters reported on Friday, quoting four banking sources. Total is a member of the consortium that has signed the North Caspian Sea Production Sharing Agreement (NCSPSA), and holds a 16.81-percent stake in the North Caspian license, which encompasses the Kashagan oil field. Apart from Total, the other shareholders in the North Caspian Operating Company (NCOC)…
