Wintershall

2 days agoWintershall Dea said its exit from Russia would be in line with local laws and regulation. Der Mutterkonzern BASF wird deswegen.


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As a consequence Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations.

. The company was active in oil and gas exploration and production with operations in Europe North Africa South America as well as Russia and the Middle East region. This is how the Management Board of Wintershall Dea comments its decision. TechnipFMC FTI has been awarded a significant engineering procurement construction and installation EPCI contract by the oil and gas company Wintershall Dea for its Dvalin North project.

1 day agoWintershall hatte am Dienstagabend überraschend mitgeteilt sich doch aus allen Projekten in Russland zurückzuziehen. It is planning listing on the Frankfurt Stock. The Wintershall Dea Supervisory Board approved a principle decision by the Management Board to exit Russia.

FRANKFURT March 2 Reuters - German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its 1 billion euro 11 billion financing in the Nord. Meeting the growing need for reliable and affordable energy and helping to mitigate climate change. With the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG in May 2019 two successful companies with a long tradition formed Europes leading independent natural gas and oil company.

Wintershall Holding GmbH based in Kassel was Germanys largest crude oil and natural gas producer. Non-Integral Shareholding in Wintershall Dea. Dedicated to environmental and climate protection.

It also expects a 53 billion euro non-cash loss from the deconsolidation of its Russian joint venture. BASF SE has a 67 stake in it with the other 33 being held by LetterOne whose main ultimate owner is the Russian business magnate Mikhail Fridman. The joint venture was created in May 2019 by the merger between Wintershall Holding GmbH and DEA Deutsche Erdoel AG.

We believe that we are contributing to a better world for the generations of today and tomorrow by taking on one of the major challenges facing the world today. Die finanziellen Folgen sind erheblich. Wintershall employed more than 2000 people worldwide.

It was a wholly owned subsidiary of BASF. 1 day agoGermanys Wintershall Dea oil and gas company has left the Russian market saying the aggressive war with Ukraine is incompatible with our values and ruined cooperation between Russian and. Wintershall Dea GmbH is a German gas and oil producer.

The company with German roots and headquarters in Kassel and Hamburg explores for and.


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