NEW YORK, May 7 — Shell said on Friday it is in talks to sell its network of petrol stations and lubricant plant in Russia as the British company forges ahead with its plans to exit the country following Moscow’s invasion of Ukraine.
Ahead of the possible sale, Shell has suspended operations at its filling stations and the Torzhok lubricant plant, Sergey Starodubtsev, the company’s head in Russia said in a statement.
He also confirmed that negotiations were underway.
It was unclear who the potential buyer was but sources told Reuters it would most likely be a local company.
Chief Executive Ben van Beurden said on Thursday that Shell was in talks to sell its Russian retail business.
Shell wrote down US$3.9 billion (RM16.9 billion) post-tax as a result of its decision to exit operations in Russia, which include a stake in a large liquefied natural gas (LNG) plant. — Reuters
Source: Malay Mail
A word from our sponsor:
Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com
Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving
Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog
Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101
Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy
No comments:
Post a Comment