Shell looking to quadruple oil output in Brazil by 2020

European oil major Royal Dutch Shell prepares large-scale investments in offshore oil and gas in Brazil and thus hopes to quadruple its production in the country by the end of the decade, writes Reuters.

Photo: Royal Dutch Shell PR

According to CEO of Royal Dutch Shell, Ben van Beurden, the oil company will quadruple the output of oil and gas by the end of 2020, says Ben van Beurden on Monday, writes Reuters.

As early as back in January, when Shell's acquisition of BG Group was settled, Ben van Beurden told the press that Brazil would be a focus point.

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