LONDON, Might 6 (Reuters) – Shell (SHEL.L) explained on Friday it is in talks to provide its network of petrol stations and lubricant plant in Russia as the British corporation forges in advance with its ideas to exit the place pursuing Moscow’s invasion of Ukraine.
Ahead of the possible sale, Shell has suspended functions at its filling stations and the Torzhok lubricant plant, Sergey Starodubtsev, the company’s head in Russia stated in a assertion.
He also confirmed that negotiations have been underway.
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It was unclear who the possible buyer was but resources advised Reuters it would most very likely be a community company.
Main Govt Ben van Beurden mentioned on Thursday that Shell was in talks to sell its Russian retail business.
Shell wrote down $3.9 billion post-tax as a final result of its selection to exit functions in Russia, which include things like a stake in a significant liquefied purely natural gasoline (LNG) plant. read through much more
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Reporting by Ron Bousso, Editing by Louise Heavens
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