Russian historical epic Viking to be released in Italy, UKSociety & Culture March 30, 2:11
Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
West’s reaction to Russian protests part of long-planned campaign - diplomatRussian Politics & Diplomacy March 29, 23:56
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
Lavrov reiterates there are no facts substantiating Iran’s links to terroristsRussian Politics & Diplomacy March 29, 19:40
Russia to upgrade helicopter protection system based on Syrian experienceMilitary & Defense March 29, 19:00
MOSCOW, July 14. /ITAR-TASS/. Russia’s oil major Rosneft is buying eight oilfield services companies in Russia and Venezuela from Switzerland Weatherford International. The sum of the deal is $500 million, Weatherford said in a release on Monday.According to the release, these assets account for about a half of Weatherford’s revenues in Russia and about a third of its business in Venezuela.
Rosneft signed a deal on the purchase of eight Weatherford International companies active in drilling and well repair sectors in Russia and Venezuela on July 13. The document was inked by Rosneft CEO Igor Sechin and Weatherford International Vice President for Russia Lance Marklinger. The document also provides for long-term cooperation in the area of oilfield services.
“The deal is line with Rosneft’s service business development strategy,” Sechin said after the signing of the contract. “Weatherford’s assets will help provide the most important regions of the company’s activity with well repair and drilling facilities on terms of maximum transparency of pricing.”
Meanwhile, Weatherford International President Bernard J. Duroc-Danner said that after the deal with Rosneft was closed, his company’s drilling business would be ready for initial public offering (IPO) in 2015.