CEO of Halliburton Co. says he can pull some levers to improve profits.

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In the third quarter of 2017, the American oilfield service company Halliburton received a net profit attributable to the company at $ 365 million, which is almost 61 times more than a year earlier, it follows from its report.

The company’s revenue increased 1.5 times to $ 5.4 billion.

“The quarter was very strong, we are pleased with the results, our North American division is operating at full capacity, international business is also very stable now,” said CEO Jeff Miller, CEO of the company, whose words are reported.

As previously reported, in January 2017 Halliburton filed a petition with the FAS Russia to purchase 100% of the Perm group Novomet, which produces oil production equipment. One of the main shareholders of the group is Rosnano, which owns 30.76% of the company. In February, the head of Rosnano Anatoly Chubais told reporters that the American company offered “good financial conditions.”

The co-owners of Novomet are also foundations of Baring Vostok and Russia Partners. “Novomet” has representative offices in the US, Canada, several countries in Africa, Asia and South America, in Russia, the group’s clients are the largest oil and gas companies.

Halliburton has been operating in Russia and the Caspian region since 1991.

 

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