Inspenet, February 6, 2023
The oil multinational Shell reported that it had signed an agreement with the Russian company Gazprom Neft to sell its 50% stake in the Salym Petroleum Development business alliance.
“On December 22, 2022, Shell signed documents with Gazprom Neft for the sale of its 50% stake in Salym Petroleum Development Limited Liability Company,” the statement said.
The company indicated that the conclusion of this agreement is subject to a series of approvals in Russia.
Last February, the oil company Shell decided to end its participation in the Nord Stream 2 gas pipeline project and exit its capital partnerships with Gazprom and related entities, including its 27.5% stake in the liquefied natural gas facility ( LNG) Sakhalin-II, as well as the 50% stake in Salym Petroleum Development and Gydan Energy Venture.
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