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Tag: Shell to stop purchase

Shell to stop purchasing Russian crude oil with immediate effect

Posted on March 8, 2022October 24, 2023

LONDON, UK: Shell plc has announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases of Russian crude oil. It will also shut…

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