TotalEnergies to Stop Buying Russian Oil by End-2022; Won't Divest Russian Assets
2022年3月23日 - 3:11AM
Dow Jones News
By Joshua Kirby
TotalEnergies SE said Tuesday that it has decided to stop buying
Russian oil and petroleum products by the end of the year, but that
it won't sell off assets in the country following the Russian
invasion of Ukraine at the end of last month.
The French oil-and-gas major said it will enter no new contracts
to buy oil and petroleum products from Russian providers, nor renew
existing ones, in order to halt all purchases as soon as possible,
and by the end of 2022 at the latest.
It reiterated that it would provide no new capital for projects
in Russia, and will ensure strict compliance with current and
future European sanctions. The company plans gradually to suspend
its Russia activities, while assuring the safety of its workforce
there, it said.
The company won't, however, withdraw from assets held in the
country, including minority stakes in a number of Russian energy
operators.
"Abandoning these interests without consideration would enrich
Russian investors, in contradiction with the sanctions' purpose,"
the company said. Big peers including BP and Shell have,
conversely, said they will divest or withdraw from their Russian
assets.
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
March 22, 2022 13:56 ET (17:56 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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