25th May 2022 12:26
Shell PLC - London-based oil and gas company - Completes the sale of its retail and lubricants businesses in Russia, Shell Neft LLC, to PJSC Lukoil. Notes that this follows the receipt of all regulatory approvals. The sale includes 411 retail stations, mainly located in the central and north-western regions of Russia.
The disposal was announced on May 12 and is part of Shell's plan to withdraw from all Russian hydrocarbons. The financial details of the disposal were not disclosed.
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By Abby Amoakuh; [email protected]
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