Started by forex4you, Mar 06, 2022, 06:34 am
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Britain’s Shell has said it was forced to buy n oil, due to the need to maintain stability in energy supplies to provide essential commodities across Europe.
The company said in a statement issued on Saturday: “Yesterday we made an emergency decision to purchase a shipment of n crude oil. Our refineries produce gasoline and diesel fuel, in addition to other products that people use on a daily basis.”
The company added: "We would like to make it clear that in the absence of a permanent supply of crude oil to refineries, the energy production sector in the coming weeks will not be able to ensure the stability of commodity supplies across Europe. Shipments from alternative sources will not be able to arrive quickly enough to allow Avoid supply disruptions.
The company pledged to “continue to choose alternatives to n oil where possible,” but noted that replacing it would take time, and promised to transfer profits from n oil to a special fund through which it would be spent to help the residents of e.
Shell has previously announced its withdrawal from all joint projects with due to the n military operation in e.
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