Shell stops the work of all its gas stations in Russia

Shell in the coming days will stop the work of all its gas stations in Russia and a plant for the production of lubricants in the Tver region.

Shell gas station

Photo: moscowoutdoor.ru

“In order to ensure the sale of Shell Oil to the new owner, the operation of the Shell gas station and lubricants plant will be temporarily suspended in the coming days. The key priority for Shell remains the safety of our employees and production processes, the preservation of jobs and compliance with the requirements of Russian legislation, — declared CEO of Shell Oil Sergey Starodubtsev.

Shell is currently negotiating the sale of Shell Oil, which owns a network of filling stations and a lubricants plant, Starodubtsev confirmed. According to Forbes, Lukoil is among the potential buyers. But negotiations are still underway, the deal has not been signed.

Shell, according to the interlocutor of the publication, sells all gas stations along with the staff on the condition that employees will be paid current salaries until the end of the year. The company owns more than 370 filling stations in 28 Russian cities. Some of them are owned by Shell itself, some are franchised.

The lubricants plant in Torzhok was opened by Shell in October 2012. The plant produces a wide range of lubricants, including engine oils, oils for marine engines, industrial lubricants, hydraulic and transmission oils. In the summer of 2021, the expansion of its capacity to 300 million liters of products per year began.

 

Shell leaves Russia completely

Recall that earlier Shell announced, which refuses to participate in the Sakhalin-2 project. In addition, the Anglo-Dutch corporation is withdrawing from the Nord Stream 2 project, Salym Petroleum Development (50%) and Gydan Energy, a joint venture with Gazprom Neft.

At the same time, a Chinese corporation may become the new owner of Shell’s 27.5% stake in the LNG project. According to Bloomberg, citing sources familiar with the situation, CNOOC, CNPC and Sinopec are currently holding joint negotiations with the Anglo-Dutch corporation. Negotiations include the possible sale of a stake in one of the Chinese companies, two or a consortium of all three.

Consultations are at an early stage, and there remains the possibility that the deal will not be agreed upon. Shell is also open to talks with other potential buyers outside of China, one of the agency’s sources said. :///

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