SLB, the largest oil service company, has stopped supplying oil to russia
The company has now decided to completely stop supplying from all of its facilities
SLB has previously restricted the supply of products from the US, UK, EU, and Canada to russia. Now the company has decided to completely stop deliveries from all of its plants.
After the outbreak of the war in Ukraine, SLB announced that it did not plan to make new investments in russia and would not introduce new technologies used in its business.
"SLB takes its responsibility to comply with export control and economic sanctions laws seriously, and remains in strict alignment with the international community in condemning and calling for an end to the war in Ukraine," the statement said.
In an internal address to employees in February, SLB's CEO acknowledged that the situation was difficult, but the company was not going to leave the russian market. He noted that the company considers it the best option to continue working in russia while complying with international sanctions.
Schlumberger cooperated with such russian companies as Gazprom, Rosneft, and Lukoil.
SLB was fined $1.4 million by the US Department of Justice for providing services to the russian company Gazprom Neft Shelf, which is on the US sanctions list.
Halliburton and Baker Hughes, which are also among the largest oilfield service companies, have already left the russian market. Weatherford has reduced its presence by terminating some contracts.
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