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    Home > Finance > Shell wants to dissolve Rosneft JV through which it holds CPC stake, source says
    Finance

    Shell wants to dissolve Rosneft JV through which it holds CPC stake, source says

    Published by Global Banking & Finance Review®

    Posted on December 10, 2025

    1 min read

    Last updated: January 20, 2026

    Shell wants to dissolve Rosneft JV through which it holds CPC stake, source says - Finance news and analysis from Global Banking & Finance Review
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    Tags:oil and gasjoint venturecryptocurrencyfinancial markets

    Quick Summary

    Shell plans to dissolve its joint venture with Rosneft, affecting its stake in the Caspian Pipeline Consortium amid U.S. sanctions on Rosneft.

    Shell Plans to End Rosneft JV, Retain CPC Stake

    LONDON, ‌Dec 10 (Reuters) - Shell wants to dissolve ‍a ‌joint venture with Russia's Rosneft, through which ⁠the London-listed ‌group holds part of its stake in the Caspian Pipeline Consortium, a source with ⁠direct knowledge of the matter said on Wednesday.

    The ​United States imposed sanctions on ‌Rosneft in October ⁠over Russia's war in Ukraine. Russian President Vladimir Putin issued a decree ​on Monday clearing potential deals with Rosneft and Shell's joint-venture stake in the CPC, which exports oil mainly ​from ‍Kazakhstan.

    Shell holds a ​total of around 7.4% in the CPC via three entities, one of which is the Rosneft-Shell Caspian Ventures vehicle. The vehicle itself holds 7.5% ⁠of the CPC,  and Shell owns around half of the ​vehicle, amounting to a roughly 3.7% stake. 

    Shell wants to maintain the size of its overall stake ‌in the CPC, the source added.

    (Reporting by Shadia Nasralla; Editing by Kirsten Donovan)

    Key Takeaways

    • •Shell wants to dissolve its joint venture with Rosneft.
    • •The joint venture holds a stake in the Caspian Pipeline Consortium.
    • •The U.S. imposed sanctions on Rosneft due to the Ukraine conflict.
    • •Shell aims to maintain its overall stake in the CPC.
    • •Putin's decree affects potential deals involving Rosneft and Shell.

    Frequently Asked Questions about Shell wants to dissolve Rosneft JV through which it holds CPC stake, source says

    1What is a joint venture?

    A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits, losses, and control.

    2What is the Caspian Pipeline Consortium?

    The Caspian Pipeline Consortium is a major oil pipeline that transports crude oil from Kazakhstan to the Black Sea, facilitating international oil trade.

    3What is a stake in a company?

    A stake in a company refers to the ownership interest or share that an individual or entity holds in that company, often represented as a percentage.

    4What is Rosneft?

    Rosneft is a Russian state-owned oil company, one of the largest producers of oil and gas in the world, involved in exploration, production, and refining.

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