On March 8, after the country’s aggression against Ukraine, Shell announced that it would withdraw from all oil and gas activities in Russia and would stop buying Russian oil. Immediately. Concern He then announced that he would close his Russian stations and complete other business operations.
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This happened after the public exerted strong pressure on the oil company. Shell bought from Russia oil at an exceptionally low price after Russia invaded Ukraine. It was for this move that the company faced criticism. In response, Shell apologized and announced that the profits from this transaction would be allocated to humanitarian organizations helping Ukraine.
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Energy expert: Shell has a trick here
Meanwhile – as revealed on Friday by Bloomberg’s energy expert Javier Blas – the concern still buys a mixture of diesel fuel, which consists of 49.99 percent. from fuel from Russia.
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As Blas explains, the concern uses a trick here. It argues that since the product contains less than 50 percent. oil from Russia, it can be determined as one that is not native to that country. Thanks to this, Shell can buy diesel oil, for example, in Latvia, where Russian oil is mixed with other types of oil, until the “Russian” share reaches a maximum of 49.99%. – informs the Bloobmerga expert.
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This type of oil is already known in the industry as “Latvian blend”. The Dutch daily Financeele Dagblad reports that blending of Russian diesel also takes place in the Netherlands.
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The practice of blending different types of crude oil it is as old as the trading of crude oil and petroleum products – says oil and gas expert Cyril Widdershoven, quoted by a Dutch daily, adding that this mainly applies to Iranian and Venezuelan oils.
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In March, when Shell made a declaration to stop buying oil from Russia, it apologized at the same time that it had been buying oil from Russia after that country’s invasion of Ukraine. “We realize that this decision (…) was wrong and we apologize,” said company president Ben van Beurden at the time.
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