LONDON: In line with the UK government’s guideline, Energy giant Shell said Tuesday it would withdraw from its involvement in Russian gas and oil, including an immediate stop to purchases of crude from the country.
The UK-based company also issued an apology for buying a cargo of Russian crude oil last week and said it would shut its service stations, aviation fuels and lubricants operations in the country.
Shell said it would withdraw from its involvement in all Russian hydrocarbons "in a phased manner, aligned with a new (UK) government guidance" following Russia's invasion of Ukraine.
"As an immediate first step, the company will stop all spot purchases of Russian crude oil," it said in a statement.
"We are acutely aware that our decision last week to purchase a cargo of Russian crude oil to be refined into products like petrol and diesel — despite being made with the security of supplies at the forefront of our thinking—was not the right one and we are sorry," said chief executive Ben van Beurden.
“Restrictions to limit tax evaders’ ability to conduct various activities,” says finance minister
SBP Governor says Islamabad will receive first tranche of $1.10 billion
Economic prospects closely tied to steadfast, consistent implementation of policy reforms, says ADB official
Aurangzeb says Pakistan fully committed to structural reforms under programme
Elon Musk-owned company's lawyers say it will comply with orders from top court
Tax authority's spokesperson says people can seek individual extensions via relevant tax commissioners
