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Shell Sees Quarterly Oil-Product Trading Significantly Lower

Laura Hurst, Bloomberg News An employee watches as a machine fills barrels with lubricant oil at the Royal Dutch Shell Plc lubricants blending plant in Torzhok, Russia, on Wednesday, Feb. 7, 2018. The oil-price rally worked both ways for Royal Dutch Shell Plc as improved exploration and production lifted profit to a three-year high while refining and trading fell short of expectations as margins shrank. Photographer: Andrey Rudakov/Bloomberg , Bloomberg (Bloomberg) Royal Dutch Shell Plc said its oil trading unit, which helped the energy giant avoid a loss in the second quarter of this year, will post a weaker performance this time around.

Shell, Eni Settle Dispute With Kazakhstan in $1 3 Billion Deal

Shell, Eni Settle Dispute With Kazakhstan in $1.3 Billion Deal Bloomberg 12/14/2020 Nariman Gizitdinov © Bloomberg A file photo from Eni SpA shows their operation in the Karachaganak gas condensate field in northwest of Kazakhstan. (Bloomberg) Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture paid $1.3 billion to settle a long-running dispute with Kazakhstan over revenue sharing. Popular Searches The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than two decades amid oil’s slump. While the government is getting less cash than it demanded last year, it’s a larger payment than initially agreed in 2018.

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