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Shell plans $40B U.S. investment

October 01/2010

(Bloomberg) -- Europes biggest oil company, Royal Dutch Shell, is planning to invest nearly $40 billion in the U.S. through 2014 to boost production by 40%. The Hague-based company, which has spent more than $60 billion on extraction projects and acquisitions in the U.S. since 2004, may start 13 projects in 2010 and 2011.


The companys global project investments may exceed $100 billion by 2014. The company is also intending to sell at least $2 billion of producing assets in the Gulf in 2010 and 2011 as part of a $7-8 billion global disposal plan.

 

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Shell plans $40B U.S. investment

 

 

 

 

 

 

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