SINGAPORE Nov 11 Royal Dutch Shell (RDSa.L)
CEO Peter Voser said on Wednesday, investments in global
projects in 2010 will fall to $28 billion from $30-$32 billion
This was due to lower prices in the market, he told Reuters
on the sidelines of a signing ceremony for the joint venture
agreement between Qatar Petroleum International (QPI) and Shell
Eastern Petroleum Pte Ltd.
"The investments will be $28 billion in 2010. Prices in the
market have come down", Voser said.
He added that demand for oil is slowly improving.
"The slow demand movement is coming back (up) in 2010. It
will take some time for demand to come back up," he said.
(Reporting by Felicia Loo and Judy Hua, Writing by Ramthan