Shell Issues Apology for Buying Oil From Russia: ‘Not the Right’ Decision
Shell apologized for its decision to buy oil from Russia and announced its “intent to withdraw from its involvement” in Russian oil and gas. CNBC reported Shell purchased 100,000 metric tons of flagship Urals crude from…
Shell apologized for its decision to buy Oil from Russia and announced its “intent to withdraw from its involvement” in Russian Oil and gas.
CNBC reported Shell purchased 100,000 metric tons of flagship Urals crude from Russia on Friday. The company defended the purchase in a statement, saying it has “acted throughout in accordance with what we have understood was the intent to allow energy flows from Russia for the time being in order to provide security of energy supply.”
Just days later, Shell issued an apology for the decision.
“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 security of supplies at the forefront of our thinking – was not the right one and we are sorry,” Shell Chief Executive Officer, Ben van Beurden, said in a