Friday 31 July 2015

SHELL TO SACK 6,500; CUT SPENDING TO COPE WITH LOWER OIL PRICES

Shell logoRoyal Dutch Shell says it will axe 6,500 jobs this year and step up spending cuts, to deal with an extended period of lower oil prices.

Besides, the company announced on Thursday in London the sale of a 33 per cent stake in the Showa Shell refinery in Japan to Idemitsu, for about $1.4 billion.

Read more @ SweetCrude Report

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