Mar 17, 2022
Canadian oil company will stay put in Russia, even as scores of energy companies suspend operations
Canadian oil company will stay put in Russia, even as scores of energy companies suspend operations
While scores of energy companies have left Russia since the conflict erupted Ukraine, a Calgary-based oil company is staying in Western Siberia where it conducts extraction services for Russia’s largest oil producer. Calfrac Well Services Ltd., one of the largest hydraulic fracturing companies in the world, told investors on Wednesday it was “evaluating the options” for its Russian operations but…
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