ArmInfo. Shell, a British oil and gas company will enter the Armenian market. Minister of Economy of Armenia Vahan Kerobyan stated this in an interview to the Public Television of Armenia.
In particular, according to him, already in March the company will open 3 modern petrol stations in Armenia. "We have been working with the company for quite some time. Their entry was very difficult, given the restrictions associated with the fact that fuel must be imported from Europe>, the minister said.
He stressed that Shell will be competing with lower-performing local industry companies that will need to transform quickly to survive this competition. Considering that Shell operates with high standards, Kerobyan said that the company will completely change the sector and contribute to the increase of competitiveness.
Shell is one of the largest oil and gas companies, which is engaged in the extraction and processing of oil and gas around the world. The transnational corporation (TNC), headquartered in London, is exploring new fields, extracting and transporting oil and gas, including shale deposits, and participating in projects for the production of liquefied gas. It has an extensive trading network. It is also involved in green projects - energy production using wind and sun, as well as the creation of biofuels. In 2022, Shell ranked 16th among the largest public companies in the world, according to Forbes. According to the company, as of December 2021, its 82,000 employees worked in more than 70 countries around the world.
