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    1. General Interest

    Shell's capital budget for 2006 up 27%

    Dec. 15, 2005
    Royal Dutch Shell PLC reported a 2006 capital expenditure budget of $19 billion, a 27% increase over its 2005 budget.

    By OGJ editors
    HOUSTON, Dec. 15 -- Royal Dutch Shell PLC reported a 2006 capital expenditure budget of $19 billion, a 27% increase over its 2005 budget.

    Of an upstream budget of $15 billion, $10-11 billion is slated for development and ramp-up of new projects and increased exploration.

    Downstream investment is planned at more than $4 billion.

    The company expects to produce 3.5-3.8 million boe/d of oil and gas in 2005 and 2006. It currently produces 3.5 million boe/d and has a goal to produce 3.8-4 million boe/d by 2009.

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