Shell CEO expects global investments to fall next year on weaker prices

11/11/2009 | Reuters

Peter Voser, CEO of Royal Dutch Shell, said the company expects to invest $28 billion in projects worldwide in 2010, a decline of $2 billion to $4 billion from this year because of lower oil prices. Demand for oil, however, is slowly growing, he added. Voser made his comments during a signing event for a joint project between Shell and Qatar Petroleum International.

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