Shell to invest in the Brazilian project in the nearest future

Shell to invest in the Brazilian project in the nearest future

14.11.2016 News

The Royal Dutch Shell declared their intention to invest about $10 billion in the development of the Brazilian business. The project has been calculated for 5 years. The annual volume of investment will reach 2 billion dollars. The representative office of Shell in the territory of South America includes network of the “5500 gas stations”companies. After contract signature about cooperation with the British oil holding BG Group, the asset portfolio of Royal Dutch Shell in Brazil has increased. In January 2016 83% of Shell company shares approved the merger agreement with BG Group as it has LDaily pages already had reported on it pages earlier. The price of the signed contract has constituted 70 billion dollars.

From the 2013 year, the European oil producer has been also an owner of 20% of shares in the Libra project: development of the oil deep-water field at the coast of Rio de Janeiro. Let’s remind that against the background of the Royal Dutch Shell shareholders request for oil on extraction in this region, serious scandal happened with the Brazilian producer Petrobras, which owners applied for a monetary share block within the project ran high: 30% of shares.The cost of legal services in the audit of an object costs much fewer than the cost of investments.

Read also: The Shell government approved the transaction about the merge with BG Group for $70 billion.

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