Don't miss

Replay


LATEST SHOWS

THE DEBATE

Do you believe in miracles? Longshots Leicester defy football odds (part 1)

Read more

THE DEBATE

How much is too much? Growing calls to cap executive pay (part 2)

Read more

FRANCE IN FOCUS

Fontainebleau: Home sweet home for King Francis I

Read more

INSIDE THE AMERICAS

Brazil's bumpy countdown to the Rio Olympics

Read more

ENCORE!

'Luminous Discontent': Robert Longo’s monochrome vision

Read more

FOCUS

Migrants: Austria building fence on border with Italy

Read more

EUROPE NOW

Finland: Migrants and money (part 2)

Read more

EUROPE NOW

Finland: Migrants and money (part 1)

Read more

IN THE PAPERS

Champions! Leicester City win Premier League title

Read more

Shell 'currently reviewing position' in Zimbabwe

Latest update : 2008-07-07

British-Dutch oil giant Shell is considering pulling out of Zimbabwe, British paper The Observer has revealed. If it does so, it would be the first multinational company to boycott the country in protest over the regime's violations of democracy.

Oil giant Royal Dutch Shell may pull out of operations in Zimbabwe, the Observer newspaper reported Sunday.
   
The report comes after British Prime Minister Gordon Brown last month called for businesses to look carefully at their involvement in the country, riven by violence over the disputed re-election of President Robert Mugabe.
   
Shell has a shareholding in a small retail joint venture operated by rival BP, the company told the newspaper in a statement. The firms reportedly supply 74 petrol stations in Zimbabwe.
   
The statement added that it was "currently reviewing our position".
   
An unnamed source at the global firm, which is headquartered in the Netherlands, quoted by the newspaper added that it was "actively looking for a new solution".
   
Firms including supermarket chain Tesco have already said they will stop sourcing products from Zimbabwe while the instability continues.
   
Brown told the House of Commons in June: "We do not want to do further damage to the Zimbabwean people, but when businesses are helping the Mugabe regime, they should reconsider their positions."
   
Britain, the former colonial power, is the largest foreign investor in Zimbabwe, according to a study by London-based analysts Ethical Investment Research Services quoted by the paper.
   
 

Date created : 2008-07-06

COMMENT(S)