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(Bloomberg) -- Europe’s 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 company’s 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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