Shell Pledges To Stop Buying Russian Oil
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Description
Shell has pledged to stop buying oil from Russia as it apologised for its purchase of cheap Russian crude at the weekend. The energy giant says it would close all...
show moreThe energy giant says it would close all its service stations in the country and stop all current work there.
Shell came under huge criticism at the weekend after it purchased a cargo of Russian crude at a discounted price.
The company says it will immediately stop purchasing Russian crude oil and will shut about 500 service stations there, as well as halt its aviation fuel and lubricant operations in the country.
The rest of the company's exit from Russian oil and gas is expected to take some time.
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Author | Africa Business Radio |
Organization | Africa Business Radio |
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