Wintershall Dea records heavy loss for Nord Stream 2

Due to the war in Ukraine, the German oil company has booked an impairment worth USD 1.1bn on the group's investment in Nord Stream 2. At the same time, the company will shun new Russian projects but still remain active in two Russian gas projects.

CEO of Wintershall Dea Mario Mehren condemns Russia's invasion of Ukraine whe stressing the necessity of keeping up gas extraction operations in Russia. | Photo: Wintershall/Bernd Schoelzchen

BY VICTOR EMIL KRISTENSEN, TRANSLATED BY CHRISTOFFER ØSTERGAARD

Wintershall Dea Chief Executive Mario Mehren was quick to speak his mind when Russia invaded Ukraine on Thursday Feb. 24.

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Nord Stream 2 AG declares insolvency in Switzerland
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Nord Stream 2 dismisses all HQ staff personnel
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"In our view, today is not a day to talk about financial results"
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