Shell to invest $5bn in Qatar venture

oil company is planning to invest US$6 billion to set up a special production facility

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By  David Robinson Published  February 1, 2005

Shell is planning to invest between US$5 billion and US$6 billion to set up a special production facility in Qatar that will introduce new types of fuel that have low percentages of lead carbon content. Adrian Loader, director Strategic Planning, Sustainable Development and External Affairs at Shell International, made the announcement at an environment conference in Abu Dhabi. He said Shell and other international companies possess the know-how and technology that can provide better solutions that reduce environmental risks especially in the transportation sectors where it is expected that by 2030 international consumption of auto fuel will reach around 18 million barrels per day. Adrian Loader made the remarks Environment 2005 Exhibition and Conference, inaugurated by Presidential Affairs Minister Shaikh Mansour bin Zayed The third International Exhibition and Conference on the environment is organised by the General Exhibitions Corporation (GEC) and Environmental Research and Wildlife Development Agency (ERWDA). The event is being held at Abu Dhabi International Exhibition Centre under the patronage of UAE President Shaikh Khalifa bin Zayed Al Nahyan.

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