Shell is Now Focusing More on Expansion in Russia after China
Shell is Now Focusing More on Expansion in Russia after China. Shell wants to grow significantly in the Russian market for petrol stations.
The oil and gas company is planning to double the number of pumps in the country in the next five to six years to six hundred.
Shell Russia-driver Cederic Cremers said in an interview with the Russian news agency Interfax that the margin on the fuel market in Russia is still under pressure.
However, he finds the country very interesting, because he thinks that the margins will improve considerably in the long term.
Shell is expected to open its 300th Russian gas station in November. In August, another Shell driver already spoke about plans to almost triple the number of pumps in China by 2025 to 3,500 units.