Halliburton officially exits Russia

Nokia, Ericsson to Exit Russia - EE Times Europe


Halliburton Company, the firm that was originated in Oklahoma before moving headquarters to Texas wiped its hands clean of operations in Russia.

The firm announced over the weekend it completed the sale of its Russia operations to a Russia-based management team. The team is comprised of former Halliburton employees. As a result, Halliburton no longer conducts operations in Russia.

The announcement indicated the Russia-based management team now owns and operates Halliburton’s former business and assets in Russia under the name BurService LL, which is independent from Halliburton.

The sale price was not included in the announcement.