Shell expects 1%-2% annual cut in oil output as energy transition prioritized

Shell expects 1%-2% annual cut in oil output as energy transition prioritized
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12.02.2021

MOSCOW (MRC) --В Shell expects its oil production to decrease by 1%-2% annually as it prioritizes spending on transition projects in an acceleration of its strategy to achieve net zero emissions by 2050, reported S&P Global with reference to the company's statement onВ Feb. 11.In a strategy update, Europe's largest oil and gas company said it was likely that its oil production had alread

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