Extracts from an article by Matt Chambers published by The Australian on Friday 18 July 2014
THE head of the world’s second biggest company, Royal Dutch Shell, says Australia maintains an edge in attracting LNG investment but needs to improve labour productivity and start acting on commitments to streamline approvals if it is to capture growth from new competitors such as Papua New Guinea, the US and east Africa.
Despite making $10 billion of asset sales here since taking the top job in January — including the company’s refinery and service station business — Shell chief executive Ben van Beurden wants to make more investments.
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