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Schlumberger has to sell assets in Russia if it leaves country due to sanctions — watchdog

April 08, 2015, 14:22 UTC+3 SIMFEROPOL

Keep all its Russian assets on the territory of the country is Moscow’s main condition for the activities of Schlumberger in Russia

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© AP Photo/Pat Sullivan, File

SIMFEROPOL, April 8. /TASS /. US-based company Schlumberger should keep all its Russian assets on the territory of the country if it has to leave Russia due to Western sanctions, Andrey Tsarikovsky, Deputy Chief of the Federal Antimonopoly Service (FAS) said Wednesday.

This is Russia’s main condition for the activities of Schlumberger in the country, Tsarikovsky said. He added that Russia is interested in Schlumberger’s presence on its territory.

In late January, Schlumberger, the world’s largest oil services company, announced plans to acquire a 46% stake in Eurasia Drilling, an oilfield service company, for $1.7 bln.

The FAS halted the deal fearing that a foreign investor would control 30% of Russia’s drilling market.

[[Full story available for subscribers of TASS Economic & Business News Service, for more information and trial access please contact us at +7 (499) 791 0307, rusmarket@tass.

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