Shell sorry and pledges to stop buying Russian oil thumbnail

Shell sorry and pledges to stop buying Russian oil

The energy giant also said it would close all its service stations in the country and stop all current work in the country.

Shell came under huge criticism at the weekend after it purchased a cargo of Russian crude at a discounted price.

Its boss said on Tuesday, however, that it was wrong to buy Russian oil.

“We are acutely aware that our decision last week to purchase a cargo of Russian crude oil… was not the right one and we are sorry,” Mr van Beurden said.

The company said it will immediately stop purchasing Russian crude oil and will shut service stations, as well as halting its aviation fuel and lubricant operations in the country.

The rest of the company’s exit from Russian oil and gas is expected to take some time.

“This is a complex challenge,” Mr van Beurden said.

“Changing this part of the energy system will require concerted action by governments, energy suppliers and customers, and a transition to other energy supplies will take much longer.”

When Shell was forced to defend its purchase of Russian crude over the weekend, it insisted that it had “no alternative” in order to maintain timely supplies of fuel to Europe.

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