Shell withdraws from Ukraine deal near Crimea

Royal Dutch Shell (RDS.A -0.5%) says it pulled out of negotiations over an offshore exploration agreement in the Black Sea west of Crimea in January.

The Ukrainian government announced the deal in 2012, but a Shell spokesman says the company still hadn't signed the agreement at the time it pulled out in January, while adding that Shell is still pursuing other Ukraine projects.

Shell was part of a group of companies including Exxon Mobil (XOM) that struck a deal with the Ukrainian government to develop the Skifska oil and gas field.

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Comments (2)
  • Those Who Wait
    , contributor
    Comments (903) | Send Message
    Frankly, I think the stock should be going UP on this news.
    19 Mar 2014, 03:27 PM Reply Like
  • blackjack
    , contributor
    Comments (59) | Send Message
    ...withdrawing at this stage is very personnel, materiel, operational start-up pains to endure. The Company's timely, market respectful transparency is commendable..and provokes inquiry of its partners. I agree with the foregoing blogger.
    19 Mar 2014, 05:19 PM Reply Like
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