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: Energy Finance Fuels & Lubes Government Update Legal

Related Stories

US to Deploy Amphibious Assault Ship, Marines to Middle East

Indian Gas Tankers Prepare to Sail Through Strait of Hormuz

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

TVO Customizes Tethered BOP Technology

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

Lamprell Secures ONGC Deal for Subsea Pipeline Replacement Project

Oil Up 8% as Middle Eastern War Rages

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Current News

CNOOC Names New CEO

Qatar LNG Exports Cut 17% After Missile Strikes, $20B Revenue Loss Expected

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

IEA Weighs Further Oil Stock Releases as War on Iran Continues

ADNOC Gas Adjusts LNG Output Amid Hormuz Disruptions

US Oil Shield Starts Showing Cracks as Iran War Drives Prices Higher

US to Deploy Amphibious Assault Ship, Marines to Middle East

Indian Gas Tankers Prepare to Sail Through Strait of Hormuz

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Eni Advances Major Deep Water Gas Hubs with Dual FIDs

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