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Houston Oil Giant SLB Still Enabling Russian Oil Production Despite U.S. Sanctions

Documents show SLB’s Russian subsidiary using American-owned oilfield technology to manufacture equipment that supports Russia’s energy sector – and its war effort.

When the U.S. rolled out fresh sanctions targeting Russia’s oil sector in January 2025, prohibiting American citizens from providing oilfield services to Russian entities, Houston-based energy giant SLB was widely expected to finally exit the market … [5212 chars]

Source: Forbes | Published: 2025-11-13T17:07:09Z

Credit: Forbes

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