Shell to halt operations in Syria
London, December 3, 2011
Royal Dutch Shell is to cease operations in Syria because of ongoing unrest there and in line with EU sanctions, the oil giant said, while France's Total said it was staying on.
'Shell will cease its activities in compliance with sanctions,' a company spokesman said.
'Our main priority is the safety of our employees of whom we are very proud. We hope the situation improves quickly for all Syrians.'
Total said it would continue its activities in Syria.
'The new sanctions have an impact on our activities but they are continuing for the time being,' a spokesman said, adding: 'Our legal situation is different from Shell's.'
Total's Syrian partner Deir Ez Zor Petroleum is not on the EU blacklist, while Shell is a partner of the Al Furat Petroleum Company, a joint venture 50 per cent owned by General Petroleum Corporation, a government-run oil firm, both of which were targeted in the new EU sanctions.
The EU now has sanctions on 120 Syrian individuals and companies.-Reuters
Tags: Royal Dutch Shell |
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