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Schlumberger, Eurasia Drilling Company deal review extended due to sanctions

May 03, 19:50 UTC+3

It is absolutely clear that such deals should be scrutinized ten times more thoroughly in such environment, the deputy head of the Federal Antimonopoly Service said

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MOSCOW, May 3. /TASS/. The Russian government commission on foreign investments, which reviewed the request of the global oilfield services provider Schlumberger to buy a stake in Russia’s Eurasia Drilling Company (EDC), decided to extend its examination against the background of the latest US sanctions, deputy head of the Federal Antimonopoly Service (FAS) of Russia Andrei Tsyganov told TASS on Thursday.

"This is related to [the latest - TASS] sanctions against Russia and against Russian citizens. It is absolutely clear that such deals should be scrutinized ten times more thoroughly in such environment," the official said.

The commission asked several authorities, including the Energy Ministry, to present their opinions for the deal, Tsyganov said. Opinions should be presented within one month, he added.

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