Shell May Invest $1 Billion a Year in China, CFO Says
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Royal Dutch Shell Plc, Europe’s biggest oil company, may invest $1 billion a year in China should two wells in Sichuan province show potential for commercial gas production, its chief financial officer said.
“With successful exploration, we could easily invest $1 billion a year in the following five to seven years,” Simon Henry said in an interview today in Tianjin, China. “The geology could be as attractive as the U.S.”