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Royal Dutch Shell doubles lubricant sales in Russia in four years

Reuters  |  TORZHOK, Russia 

By Olesya AstakhovaTORZHOK, Russia (Reuters) - Royal Dutch Shell, which was forced to limit its presence in Russia's upstream sector because of Western sanctions, has seen its lubricant sales in the country double since 2014, the head of one of its plants there said. Shell launched its Torzhok lubricants plant in Russia's northwest in 2012, with the aim of producing up to 200 million litres a year. The factory plans to reach that capacity in 2027, and currently produces around 90 million litres a year."Compared to 2014, we have seen our (sales) portfolio almost doubling," Maxim Solovyov, head ...

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First Published: Tue, March 13 2018. 21:31 IST