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Article: Weatherford acquires stake in oil equipment company Borets.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- August 16, 2007
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Weatherford acquires stake in oil equipment company Borets
MOSCOW. Aug 16 (Interfax) - Britain's Weatherford International Ltd. has acquired about 30% of Russian oilfield equipment producer Borets (Moscow), the companies said in a joint press release.
The companies have announced the setting up of a strategic alliance, the aim of which is to promote Russian equipment and technology on world markets, and attract investment and new technology into Russian production and oil ...