After Purchase of Arrow Energy the Royal Dutch Shell plc (LON: RDSA) wants to invest more

Royal Dutch Shell plc is banking on Australia

In brief: Royal Dutch Shell plc (LON: RDSA) plans to invest up to $ 50 billion in Australia over ten years.

Royal Dutch Shell plc (LON: RDSA) plans to invest up to $ 50 billion in Australia over ten years under the plan to increase its natural gas extraction segment.

It is reported that by 2012 natural gas will make for more than 50% of the British company’s extraction. It is worth noting that Shell and PetroChina jointly acquired Arrow Energy this March for $ 3.1 billion, gaining access to new oil fields for supplying its liquefying plants. Royal Dutch Shell plc (LON: RDSA) shares went down to 1,761.50 points, losing -27.50 (-1.54%).

Elena Koschiko
2010-08-19 14:38, Economics.

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