Schlumberger Tower. File photoMOSCOW, Mar 19The world's largest oil and gas service company, American Schlumberger, has announced it is suspending new investment and technology for its operations in Russia.
" We have watched with great concern the escalation of the conflict in Ukraine. As the situation has evolved, we have been evaluating our path forward and have decided to immediately suspend new investment and technology deployment for our operations in Russia", the company said in a statement.
Schlumberger is the world's leading provider of integrated reservoir evaluation technology, well construction, production management and processing of hydrocarbons. Works in more than 85 countries. The company's headquarters are located in Paris, Houston, London and The Hague. Russia launched a military operation in Ukraine on February 24th. President Vladimir Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.» For this, according to him, it is planned to carry out «demilitarization and denazification of Ukraine», to bring to justice all war criminals responsible for «bloody crimes against civilians» in Donbass. According to the Ministry of Defense of the Russian Federation, the Armed Forces strike only at the military infrastructure and Ukrainian troops. With the support of the Russian Armed Forces, the DPR and LPR groups are developing an offensive, but there is no talk of the occupation of Ukraine, the President of Russia emphasized. work in Russia