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Shell estimates annual Argentina investment of $300 million through 2020
September 29, 2016 / 7:51 PM / a year ago

Shell estimates annual Argentina investment of $300 million through 2020

BUENOS AIRES (Reuters) - Royal Dutch Shell (RDSa.L) plans to invest $300 million a year in Argentina through 2020 in exploration as well as refining, distribution and marketing, the company said in a statement on Thursday.

A member of Argentina's Coast Guard stands outside Royal Dutch Shell's refinery as in Dock Sud on the outskirts of Buenos Aires September 6, 2007. REUTERS/Marcos Brindicci

The announcement came after Shell Chief Executive Ben van Beurden met with Argentine President Mauricio Macri in Buenos Aires. Shell has been working to launch an early production well in Argentina’s Vaca Muerta shale reserves.

Reporting by Juliana Castilla; Writing by Caroline Stauffer; Editing by Peter Cooney

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