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Shell Will Sell Russia Fuel Stations as Part of Exit Plan

  • Company in ‘ongoing negotiations’ over Russian retail network
  • Oil producer Lukoil is the most likely buyer, Forbes reported
By
Bloomberg News
Updated on

Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine.

“We can confirm the ongoing negotiations on the sale of Shell Neft, which owns a retail network and lubricants plant which is located in Torzhok,” Shell’s press office said in a statement. “Our key priority is safety of our people and operations, maintaining employment and compliance with the Russian legislation.”