Shell to inject between $ 240 and 300 mm in Russian projects

Dec 09, 2000 01:00 AM

In 2001, Shell plans to inject between $ 240 mm and $ 300 mm in oil projects in Russia compared to $ 200 mm this year, stated Grant Bowie, a Shell representative in Russia. He added that in addition to this sum, the concern plans to spend $ 50 mm as operating expenses in Russia next year.
Bowie said that the funds will largely go to projects that are already in progress, such as the Sakhalin-II and Caspian Pipeline Consortium (CPC) projects.
Shell cited several other fields as its priority projects in Russia -- namely, the Salym chain of deposits in western Siberia and the Zapolyarnoye and Komsomolskoye deposits in the Yamal-Nenets autonomous area.

Source: Kommersant via NewsBase
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