Shell Salym Development B.V. – a subsidiary of Shell plc – has completed the withdrawal from its 50 per cent interest in the Salym project, which had been jointly developed with Gazprom Neft, a subsidiary of Gazprom. This follows the receipt of all necessary regulatory approvals.

Shell’s share in the venture in Western Siberia, along with other associated interests, has been acquired by Gazprom Neft.