Firm apologises for crude oil purchase last week as it moves to end all Russian dealingsShell has announced plans to withdraw from Russian oil and gas and close all its service stations in the country, as the boss of the FTSE 100 company apologised for buying Russian crude oil last week.The company will immediately stop buying Russian crude oil on the spot market and not renew term contracts. It will also change its crude oil supply chain to remove Russian supplies, but said this could take weeks to complete and would lead to reduced throughput at some of its refineries. Continue reading…
Firm apologises for crude oil purchase last week as it moves to end all Russian dealings
Shell has announced plans to withdraw from Russian oil and gas and close all its service stations in the country, as the boss of the FTSE 100 company apologised for buying Russian crude oil last week.
The company will immediately stop buying Russian crude oil on the spot market and not renew term contracts. It will also change its crude oil supply chain to remove Russian supplies, but said this could take weeks to complete and would lead to reduced throughput at some of its refineries.