Shell to Invest $2 Billion Per Year in Brazil Through 2020

The Brazilian unit of Royal Dutch Shell PLC will invest $2 billion (£1.51 billion) per year in the country through 2020. Flávio Rodrigues. the unit’s director of government relations and regulatory affairs. said at an industry event on Thursday.
The investment plan does not include potential bids for oil exploration areas. he said. which the government will auction off in September and October.
On average. the oil company produced 325.000 barrels of oil equivalent per day (boepd) in the first quarter. Rodrigues added.

About core

Check Also

Russia’s Gazprom Faces almost $20 Billion in Lawsuits from European Energy Firms

European energy firms have filed lawsuits against Russian energy giant Gazprom totaling 18 billion euros …

Leave a Reply

Your email address will not be published. Required fields are marked *