Shell Russia: Impact of Western Sanctions 'minimal'

Posted by Joseph Keefe
Wednesday, February 7, 2018
International oil major Royal Dutch Shell's Russian business felt minimal impact from Western sanctions on Russia, the branch's head Sergey Starodubtsev said on Wednesday, adding the firm was fully compliant with international law.

Shell Neft, the Russian arm of the global oil company, plans to double the number of petrol stations in Russia, currently at 259, in the next four to five years, and sees fuel sales rising 8 percent to 12 percent this year, Vitaly Maslov, head of Shell's Russian retail business, told reporters.

Reporting by Olesya Astakhova 

Categories: Legal Finance Energy Fuels & Lubes Government Update

Related Stories

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

MacArtney Asia Named Regional Reseller for Select Teledyne Products

Chinese Demand Spurs Global Wind Turbine Ordering

OPEC+ Has Oil Price and Demand Problems. It Should Solve Demand

Izomax Wins a Milestone Contract with Shell

MOL Increases Stake in MODEC

A Hydrogen Balancing Act in Offshore Energy

"World's Most Powerful Floating Wind Turbine" Sets Sail

Shipbuilding: Wind Turbine Installation Vessel Delivered to Cadeler

Chinese Wind Turbine-makers Move into Europe as Trade Tensions Flare

Current News

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

Global OTEC Presents OTEC Power Module for Remote Offshore Platforms

Beam’s AI-Driven AUV to Hit Offshore Wind Market in 2025

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com