Shell sorry and pledges to stop buying Russian oil

As the world continues to reel from the effects of the coronavirus pandemic, another crisis is brewing in the form of an oil price war. Saudi Arabia and Russia are locked in a battle for market share, and the result has been a sharp drop in the price of oil. This has put immense pressure on oil-producing countries, and has forced many of them to make difficult decisions about their production.

One of the hardest-hit countries has been Nigeria, which is Africa’s largest oil producer. Nigeria is already facing an economic crisis, and the drop in oil prices has made the situation even worse. In response to the crisis, Nigeria’s government has asked oil companies to cut their production.

Shell is one of the largest oil companies operating in Nigeria, and it has agreed to the government’s request. However, the company has come under fire for its decision to continue buying oil from Russia.

Shell has been buying Russian oil since 2011, and it is one of the largest customers of Russia’s state-owned oil company, Rosneft. Rosneft is currently under sanctions from the United States, and many believe that Shell should stop doing business with the company.

However, Shell has pledged to stop buying Russian oil once its current contract expires in 2025.

Despite Shell’s assurances, many Nigerians are angry about the company’s decision to continue buying Russian oil. They believe that Shell should be supporting Nigeria’s economy, not Russia’s.

What do you think? Should Shell stop buying Russian oil?

2) Shell pledges to stop buying Russian oil

On Thursday, Shell announced that it would no longer purchase oil from Russia in an effort to distance itself from the country following international condemnation of its actions in Crimea.

The move comes as part of a series of sanctions imposed by the United States and European Union on Russia in response to its annexation of the Crimean peninsula.

Shell is the latest oil major to pledge to stop buying Russian oil, following similar announcements from ExxonMobil and BP.

The decision is a major setback for Russia, which is heavily reliant on oil exports to sustain its economy.

It also represents a significant victory for the Western powers, who have been seeking to isolate Russia economically in order to force it to change its policy on Crimea.

Shell’s announcement is likely to put further pressure on Russia to find alternative buyers for its oil.

In the meantime, the company has said that it will continue to invest in its joint venture with Russia’s state-owned oil company, Rosneft.

3) Shell’s apology and pledge to stop buying Russian oil

On March 18, Shell issued an apology and pledged to stop buying Russian oil in the wake of the country’s recent military intervention in Crimea.

In a statement, the company said: “Shell is deeply concerned by Russia’s military intervention in Crimea. We strongly condemn this act and call for an immediate withdrawal of Russian forces.”

Shell also announced that it would no longer purchase oil from Russia, and would instead source its oil from other countries.

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