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Russia's oilfield service provider Eurasia Drilling in talks with investors — source

March 07, 19:32 UTC+3
Eurasia Drilling Company was established on the basis of oilfield services assets of Russia’s largest independent crude producer Lukoil
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HOUSTON, March 7. /TASS/. Russia’s largest oilfield service provider Eurasia Drilling is holding talks with investors, including Russian Direct Investment Fund (RDIF), Russia-China Investment Fund and UAE’s Mubadala, a source close to negotiations told TASS on Tuesday on the sidelines of CERAWeek conference.

"RDIF, Russia-China Fund and Mubadala", the source said responding to the question regarding investors. Negotiations are not at the closing stage so far and the potential stake for sale has not been identified yet, he said. No negotiations are held with US Schlumberger that intended to buy a stake in Eurasia in 2015, the source said.

"Meetings are held with technology and financial investors," the source added.

Eurasia Drilling Company was established on the basis of oilfield services assets of Russia’s largest independent crude producer Lukoil. These assets were purchased in 2004 by companies of Russian businessman Alexander Dzhaparidze

Currently, the largest co-owners of Eurasia Drilling are Alexander Dzhaparidze with a 30.63% stake (he is also the general director) and Alexander Putilov with 22.4%. Other shareholders include various international and domestic funds.

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