VOL. XLV

No 45

11-November-2002

SUPPLY/DEMAND

ABN AMRO Says Shells Long-Term Production Growth Plans Largely Outside Middle East

After a flat period, Shell is expected to show relatively strong production growth in the next two to three years, according to London-based ABN AMRO. In the report Royal Dutch/Shell: Looking Better, published on 3 October, analysts Peter Nicol, Luke Johnson, Chris Grudniewicz and David Martin write: The nadir for Shell came in August/September 2001, when it was forced...