Shell considers investment of billions in Brazil
By Frans van Hees | www.AboutBrasil.com | Week 33, August 2015
Sao Paulo —
Shell is considering to invest billions in Brazil. The multinational oil and gas group would provide US$ 5 billion (4.6 billion euros) for acquisitions in the country, sources close to the company reported.
The news is remarkable, because Dutch
Shell CEO Ben van Beurden previously indicated to be "selective" when it comes to investments.
Because of the
low oil price, Shell recently cut its investment plans.
In addition, some Shell business units were put up for sale to pay for the acquisition of
BG Group, for which Shell put $ 70 billion on the table.
And then there was light...