FILE PHOTO: A view shows a board with the logo of Shell at the company’s fuel station near a business centre in Moscow, Russia March 9, 2022. REUTERS/Maxim Shemetov
March 10, 2022
LONDON (Reuters) – Shell faces further writedowns from exiting Russia over the country’s invasion of Ukraine, it said on Thursday, flagging that it had $0.4 billion in Russian downstream assets as well as the $3 billion in other projects announced previously.
The oil major announced on Feb. 28 that it would quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 liquefied natural gas (LNG) plant and the Nord Stream 2 pipeline project.
(Reporting by Shadia Nasralla; Editing by David Goodman)
Source: One America News Network
