The FSB is stalling the US oil-services giant Schlumberger’s latest deal. Back in January, Schlumberger announced that it agreed to acquire a minority stake in Russia’s Eurasia Drilling Company, the largest provider of onshore drilling services in Russia, for $1.7 billion. But the FSB — the successor of the KGB — is reportedly holding up the 46% stake acquisition over concerns that Schlumberger “would have too much influence in Russia’s oil-services market,” two people familiar with the matter who asked not to be identified told Bloomberg. “The transaction needs approval from a 21-member commission on foreign investment, which reviews major …read more
Source: Business Insider
