Shell Finds $4 Billion to Pump More Oil

Royal Dutch Shell is to increase its exploration and development investment programme by some 25 percent in a bid to satisfy the growing demands of the energy-hungry industrial giants of the U.S., China and India.

The Anglo-Dutch oil and gas major said it is to pump in an extra $4 billion a year, taking annual capital spending up to $19 billion in a bid to increase daily production by up to 40 percent — to five million barrels a day — within a decade.

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