The final agreement on acquisition of Shell's Russian retail and lubricants assets was signed in Moscow. The assets include the chain of filling stations primarily located in the Central and Northwestern federal districts of Russia, and lubricants blending plant located in Tver region. The sale was approved by Russia's Federal Antimonopoly Service.

"Our priority is the well-being of our employees," said Huibert Vigeveno, Shell's Downstream Director. "Under this deal, all the people currently working for Shell Neft, more than 350 in total, will rem​ain employed by the company, which is now owned by LUKOIL."

"We appreciate the fact that Shell chose our Company. I am certain that Shell's facilities will become a great addition to LUKOIL's other downstream assets," noted Maxim Donde, Vice President for Refined Products Sales of LUKOIL.

About LUKOIL

LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.

About Shell plc

Shell is a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.