Shell Plans To Double Gas Stations In Russia

25 Aug 2017   Russia

Royal Dutch Shell plans to double the number of its retail gas stations in Russia from the current 227, Sergey Starodubtsev, the chief executive of Shell’s Russian unit, said on Wednesday. Shell views Russia as one of its priority regions, Russian media quoted Starodubtsev as saying at a press conference. The company does have plans to expand its retail network and plans to double the number of its gas stations in Russia in the near future, according to Starodubtsev. Apart from the downstream business, Shell is active in Russia with natural gas projects. The Anglo-Dutch oil and gas supermajor holds a 27.5-percent stake minus one share in the Sakhalin-2 liquefied natural (LNG) project, in which Russia’s gas giant Gazprom holds the majority stake of 50 percent plus one share. Mitsui (12.5 percent) and Mitsubishi (10 percent) hold the remaining stakes. In June this year, Shell signed a joint venture […]

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