Home » World » Shell will get rid of 400 gas stations in Russia and sell them to Lukoil

Shell will get rid of 400 gas stations in Russia and sell them to Lukoil

The agreement includes 411 service stations, located mainly in central and northwestern Russia, and a lubricant plant about 200 kilometers northwest of Moscow.

The transaction, which has yet to be approved by regulators, is expected to be completed this year. Companies did not disclose its value.

At the beginning of May, Shell announced that it had already written off $ 3.9 billion (approximately CZK 94 billion) in connection with the decision to leave operations in Russia.

The company owns, among other things, 27.5 percent of shares in Russia’s Sakhalin-2 liquefied natural gas (LNG) plant.

Lukoil is the second largest oil producer in Russia after the state-owned company Rosneft. In March, it became the first large Russian company to publicly oppose the Russian invasion of Ukraine.

In a statement at the time, he called for a “rapid cessation of armed conflict.” He added that he was concerned about the tragic events in Ukraine and expressed his condolences to all those affected by the conflict.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.