US EditionShell to Dissolve CPC Pipeline JV With Rosneft But Keep Stake
7 Articles
7 Articles
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.
Shell to Dissolve Russian Joint Venture Over CPC Pipeline Stake
Shell to Dissolve Russian Joint Venture Over CPC Pipeline Stake Daniel Onyango Thu, 12/11/2025 - 15:34 Shell is moving to dissolve a joint venture with Russia's Rosneft that currently holds a portion of the London-listed energy group's interest in the Caspian Pipeline Consortium (CPC) , a vital route for exporting crude oil, primarily from Kazakhstan, to the global market. A source with direct knowledge of the matter told Reuters on Wednesday t…
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…
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