Shell sold Brown & Bryant chemicals that leaked into the ground, threatening water supplies. In its appeal, Shell said the San Francisco-based 9th U.S. Circuit Court of Appeals imposed liability “for the mere sale of a commercially useful product.”
Posts on ‘October 1st, 2008’
Tchigirinski denied a Financial Times report today that said Shell poised to buy a holding in Sibir this year. “We aren’t selling a stake,” the businessman said by phone.
Shell has been trying to improve its position in Russia, after it had to cede control in major offshore project Sakhalin 2 to state-controlled Gazprom last year. Shell now owns 27.5 percent of Sakhalin 2.
Royal Dutch Shell’s interest in Sibir Energy is an acknowledgment of the smaller company’s success in securing its position in Russia.
Royal Dutch Shell is poised to take a large stake in Sibir Energy, the Russia-focused oil group, by the end of the year.