Shell to invest $2 bln annually into oil production in Brazil

10/20/2018 1:01:00 PM (GMT)

Royal Dutch Shell has announced plans to invest in oil exploration operations in Brazil.

Royal Dutch Shell plans to invest $1billion to $2 billion annually in oil exploration and production.

The investment intends to explore, produce oil in Brazil through 2025.

The transaction will be made regardless of the outcome of presidential elections on October 28.

Royal Dutch Shell plc.

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