Shell Quits China’s Power Markets ...Middle East

Shell exited the Chinese power generation and trading markets effective end-2023, as it scales back its power business globally to focus on more profitable operations, the UK-based supermajor told Reuters on Wednesday. Shell, however, is not abandoning its EV charging business in China, which it sees as a major growth market, a spokesperson for Shell told Reuters. “We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices,” the supermajor said in a…

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