Majors take long-term view on oil price falls, Shell UK chairman sees investment holding steady
Issue 156
- 06 Feb 2009
| 4 minute read
Big oil companies like BP and Royal Dutch Shell are taking a long-term view of the current low oil price, vowing to maintain capital expenditure even if it means increasing borrowing. The good news is that major projects in Angola, Nigeria and other key locations are set to continue despite the credit crunch.
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