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Russian regions claim $170 bln from Total

Analysis

Russian regions are claiming up to $170 billion from oil group Total in a legal case going back to the tumultuous expansion at Elf Aquitaine, now part of Total.

The Le Figaro newspaper said a legal probe had been opened to study complaints by Volgorad and Saratov, filed in 2006. T

The two regions alleged they did not get enough profits from a revenue-sharing contract dating back to a 1990 deal between former French president Francois Mitterrand and Russia's Boris Yeltsin.

The paper quoted a lawyer for Total as saying there were no grounds for a dispute between the regions and the company. (Reuters)

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