Mar 8, 2022
Shell sorry and pledges to stop buying Russian oil
Shell has pledged to stop buying oil from Russia as it apologised for its purchase of cheap Russian crude at the weekend. "We are acutely aware that our decision last week to purchase a cargo of Russian crude oil... was not the right one and we are sorry," Mr van Beurden said. The company said it will immediately stop purchasing Russian crude oil and will shut service stations, as well as stopping its aviation fuel and lubricant operations in the country. Russian oil currently makes up about 8% of Shell's working supplies. "These societal challenges highlight the dilemma between putting pressure on the Russian government over its atrocities in Ukraine and ensuring stable, secure energy supplies across Europe," its chief executive added.
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