Announcement

Wednesday, January 19, 2011

Royal Dutch Shell Plc eyeing USD 1 billion expansion plan

Bloomberg reported that the local unit of Royal Dutch Shell Plc plans to invest as much as USD 1 billion to expand the Malampaya natural gas project in Palawan and extend its life.

Mr Simon Henry CFO of Royal Dutch Shell Plc said that the plan is to invest USD 75 million in Malampaya in

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