Shell pulls out of energy investments in Russia over war


PTI, Mar 1, 2022, 9:56 AM IST

Representative Image (Source: Twitter / @Shell)

London: Shell says it pulling out of Russia as President Vladimir Putin’s invasion of Ukraine costs the country’s all-important energy industry foreign investment and expertise.

Shell announced its intention Monday to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development, and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project.

“We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security,” said Shell’s chief executive officer, Ben van Beurden.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Kumaraswamy and Shivakumar spar over sex scandal involving Hassan MP

SC questions ED on timing of Kejriwal’s arrest ahead of LS polls, seeks its reply

Revanna case: BJP launches counter-attack on Congress, questions delayed action by Karnataka govt

We don’t send dossiers on terror; ‘Bharat ghar mein ghus ke marta hai’: PM Modi

Cricket: India’s T20 World Cup squad announced

Soaring mercury in Kerala: Orange alert for Palakkad District

Mumbai court summons cricketer Prithvi Shaw over social media influencer’s complaint

Related Articles More

Sebi takes measures to curb front running, insider trading in mutual funds

Markets wipe out early gains on fag-end sell-off; Nifty slips from record

Sebi asks NSE to asses Linde India’s related party transactions

Nifty hits all-time high; Sensex nears lifetime peak

Indian markets trade firm on global rally, fresh foreign fund inflows

MUST WATCH

Skin Rash, Causes, Signs and Symptoms

11 bullets found in python’s body!

K. Jayaprakash Hegde Sharing His Memories

Grafting Jack Anil

Heat Illness


Latest Additions

‘Shehzada’ dig: 3 generations of Nehru-Gandhi family sacrificed themselves for country, says Sharad Pawar

Rinku Singh a casualty of IPL’s ‘Impact Player’ rule: Report quotes BCCI source on T20 World Cup

Delhi cops question Youth Cong leader in MP’s Chhatarpur over fake video of Shah

Kumaraswamy and Shivakumar spar over sex scandal involving Hassan MP

Poor people have more children, why only Muslims are being targeted: Kharge asks PM

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.