City
Epaper

Shell defends decision to purchase Russian crude oil

By IANS | Updated: March 6, 2022 19:05 IST

New Delhi, March 6 Shell has defended its decision to purchase Russian crude oil despite the invasion and ...

Open in App

New Delhi, March 6 Shell has defended its decision to purchase Russian crude oil despite the invasion and bombardment of Ukraine, BBC reported.

The oil giant said in a statement that the decision to purchase the fuel at a discounted price was "difficult".

It confirmed that it had bought a cargo of Russian crude oil on Friday but it had "no alternative".

Ukrainian Foreign Minister Dmytro Kuleba hit out at the energy company, asking on Twitter: "Doesn't Russian oil smell Ukrainian blood for you?"

Although the purchase does not violate any sanctions introduced by Western countries, Kuleba called on businesses to continue to apply pressure to Russia.

A spokesperson for Shell said, however, that the company is trying to maintain supplies of fuels and in this case it had no alternative crude supplies which would reach Europe in time, BBC reported.

In a statement, the firm said it remains "appalled by the war in Ukraine" and that it has stopped most activities involving Russian oil, but added that the situation with supplies is "highly complex".

Russian oil currently makes up about 8 per cent of work supply.

One of Shell's refineries, which produces diesel and petrol and other products, is also among the biggest in Europe.

"To be clear, without an uninterrupted supply of crude oil to refineries, the energy industry cannot assure continued provision of essential products to people across Europe over the weeks ahead," the spokesperson said, BBC reported.

"Cargoes from alternative sources would not have arrived in time to avoid disruptions to market supply.

"We didn't take this decision lightly and we understand the strength of feeling around it."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Dmytro KulebabbcNew DelhiUkraineShellAustralia broadcasting corporationBbc radioThe new delhi municipal councilBroadcasting corporationDelhi south-westOrganisation secretary and member of parliament r.
Open in App

Related Stories

CricketVirat Kohli Spotted at Delhi Airport Ahead of India's Tour of Australia, Video Goes Viral

InternationalUS Government Shutdown: US Embassy in India’s X Account to Pause Regular Updates Until Full Operations Resume

InternationalRussia-Ukraine War: Poland Urges Citizens to Urgently Leave Belarus 'By Any Necessary Means'

CricketIND-W vs AUS-W, 3rd ODI: Australia Women Win Toss, Opt to Bat Against India in Series Decider; Check Playing XIs

CricketWhy Is India Women’s Cricket Team Wearing a Pink Jersey in IND-W vs AUS-W 3rd ODI 2025 Match?

Politics Realted Stories

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days

NationalBJP Candidate Satish Kumar Leading Over Tejashwi Yadav in Raghopur Assembly Constituency