VOL. XXXVI

NO. 29

19-APRIL-1993

GENERAL

Sir Peter Holmes On Oil Investments In The 1990s

Sir Peter Holmes, the Senior Managing Director of the Royal/Dutch ShellGroup, told the Third Conference of the Centre for Global Energy Studies (CGES)in London on 5 April that while there may be a problem with private sector oilinvestments in the 1990s, it would be predominantly in the downstream side ofthe business. "Capital is always scarce for investments that may yield lowreturns. A major concern of the...