Shell will suspend operation of its gas stations, plant in Russia to ensure their sale

Russia Materials 7 May 2022 01:38 (UTC +04:00)

Shell's subsidiary, Shell Oil, will temporarily suspend operation of its network of gas stations and its lubricants plant in in Russia in the coming days to ensure the company's further sale to a new owner, Sergey Starodubtsev, General Director of the enterprise, announced on Friday, Trend reports citing TASS.

"We confirm that negotiations are currently underway to sell Shell Oil, which owns a network of gas stations and a lubricants production plant in Torzhok. To ensure the sale of Shell Oil to a new owner, the operation of Shell gas stations and production of lubricants will be temporarily suspended in the coming days," Starodubtsev said was quoted in a Shell statement.

He emphasized that the key priority for Shell remains the safety of employees and production processes, the preservation of jobs and compliance with the requirements of Russian legislation.