EXCLUSIVE-Total quits Russia's Kharyaga oil project in wake of sanctions

France's TotalEnergies has agreed to transfer its remaining stake in Russia's Kharyaga oil field to Russian state producer Zarubezhneft, the company told Reuters, as it continues its withdrawal from Russia in the wake of Western sanctions.

"TotalEnergies has agreed to transfer to Zarubezhneft the remaining 20% interest that the company held in the Kharyaga oil field," a spokesperson for Total said in response to a Reuters query.

"This transaction is subject to the approval of the Russian authorities."