U.S. oilfield services giant Schlumberger NV has applied to Russia`s anti-monopoly watchdog for approval of a deal to buy 51 percent stake in Russian peer Eurasia Drilling Co (EDC). the Interfax news agency reported on Thursday.
The deal is likely to test further Russia-U.S. chilly ties.
In 2015. Schlumberger agreed to buy 45.65 percent of EDC for $1.7 billion but the deal fell through after Russia`s Federal Antimonopoly Service repeatedly postponed its approval.
That deal met with resistance in Russia`s higher echelons of power who were worried that Schlumberger might seize control of Eurasia. a senior government official said in 2015.
Tags Drilling Eurasia Drilling Co. (EDC) Europe Government International International Companies International News Agency International Organizations North America Reuters International News Agency Russia Schlumberger United States of America World Health Organization (WHO)
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