(EnergyAsia, March 22 2010, Monday) — Royal Dutch Shell is selling off its downstream refining and retailing assets to bet its future on finding and producing hydrocarbons. In allocating more than US$100 billion on the upstream sector through 2014, the European major is hoping to arrest seven years of falling output, with an ambitious…
COMPANY: Shell reducing downstream role to make huge bets on upstream sector
Posted on March 21, 2010 by EnergyAsia