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Shell exits China power market businesses

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Energy News

Shell,China,Power

The changes do not apply to Shell electric vehicle charging business, which is a key growth market for the company, spokesperson says

Shell has exited China’s power markets as part of CEO Wael Sawan’s drive to focus on more profitable operations including its natural gas and oil businesses.

“We are selectively investing in power, focusing on delivering value from our power portfolio, which requires making difficult choices,” Shell said. The changes do not apply to Shell electric vehicle charging business, which is a key growth market for the company, a spokesperson said.

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