Schlumberger to leave Russia without assets if the USA forces it to comply with sanctions

The Russian Government and Schlumberger have agreed conditions of purchase Eurasia Drilling Company (EDC). The radical proposal - "golden share", which the Parliament Building supposed to transfer to the state - had to be abandoned, it categorically didn’t suit Schlumberger. But the company agreed to make a commitment to sell its stake in EDC, if the sanctions are extended to it. Now, during the next ten days, the transaction will be re-considered by the Government Commission on Foreign Investments.

FAS has agreed terms of the transaction for the purchase of oilfield services company Eurasia Drilling Company by Schlumberger, head of the Service Igor Artemyev said yesterday. The consultations were conducted for the recent two weeks. "We have agreed with Schlumberger that the conditions are acceptable for them, and now we want to hear the attitude of departments. We will complete collection of these stands and in five or six days we will go to Dmitry Anatolyevich Medvedev with proposal to convoke the Commission," - an official stated to the Interfax yesterday. According to him, the transaction may be considered by the Government Commission on Foreign Investments during ten days.