Big Oil corporation Shell announced Monday that it would leave its partnership and ventures with Russian state-controlled energy giant Gazprom.
Shell will divest from its 27.5% stake in the Sakhalin-II liquefied natural gas facility, its 50% stake in the Salym Petroleum Development and its 50% stake in the Gydan energy exploration venture, the corporation announced Monday. The London-based fossil fuel company said it would pull out of its Russian ventures in light of the country’s military invasion and aggression in Ukraine.
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