Middle East Economic Survey


No 12



Shell Sees Middle East Growth

Gulf energy investments will be an increasingly important part of Shells portfolio in the coming years, the group announced at its annual strategy presentation in London on 17 March. The region will more than quadruple its share of the majors capital employed from 2-3% in 2004 to around 12% in 2013-15 as a number of mega-projects come on-stream.

Principal among these are the 140,000 b/d Pearl...