Kommersant learned that Wellnord with Hungarian roots is claiming Shell’s share in the joint venture with Gazprom Neft

Kommersant learned that Wellnord with Hungarian roots is claiming Shell’s share in the joint venture with Gazprom Neft

THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.

The share of the British-Dutch oil and gas giant Shell in the joint venture Salym Petroleum Development with Gazprom Neft is claimed by the little-known shipping company Wellnord, the newspaper Kommersant reports.

Its owners are not disclosed, but, according to open data, a large oil company on the Black Sea and the Caspian uses Wellnord’s services. And the sources of the publication claim that this is a structure with Russian-Hungarian participation.

Salym Petroleum has already been re-registered in Russian jurisdiction, while Shell has removed itself from its management and reset its share assessment to zero.

As Kommersant notes, back in February, Shell decided to withdraw from the Russian fuel and energy complex, condemning the start of a special military operation of the Russian Federation in Ukraine. In addition to the stake in SPD, Shell’s largest asset in Russia is 27.5% in the Sakhalin-2 project, which the British company will soon lose.

We add that hundreds of foreign companies, including manufacturers of well-known world brands, have already announced a temporary or complete “withdrawal” from the Russian market (cessation of production, suspension of investments or activities in the Russian Federation), responding to Russia’s special military operation in Ukraine (since 24 February 2022) and subsequent Western sanctions.

Source: Rosbalt

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