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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.
Comments (2)
  • Those Who Wait
    , contributor
    Comments (206) | Send Message
     
    Frankly, I think the stock should be going UP on this news.
    19 Mar, 03:27 PM Reply Like
  • blackjack
    , contributor
    Comments (32) | Send Message
     
    ...withdrawing at this stage is very prudent...no/lessened 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, 05:19 PM Reply Like
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