Shell to Dissolve CPC Pipeline JV With Rosneft But Keep Stake

politika.rs

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British-Dutch oil company Shell confirmed today that it intends to dissolve its joint venture (JV) with US-sanctioned Russian company Rosneft, within the Caspian Pipeline Consortium (CPC), but that it will not sell its stake in it.

rbc.ua

Factuality

Ownership

Major British oil and gas company Shell plans to end its partnership with sanctioned Russian company Rosneft. Through this partnership, the companies jointly own a stake in an oil pipeline in Kazakhstan, RBC-Ukraine reports, citing Bloomberg. Shell will retain its stake in the Caspian Pipeline Consortium; it will simply no longer jointly own it with the sanctioned Russian company. Several sources confirmed Shell's plans to the publication on con…