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AFX News Limited: Royal Dutch Shell plans ‘considerable’ investments in Bolivian gas sector-report

11.30.2006, 02:35 AM

AMSTERDAM (AFX) – Royal Dutch Shell is planning ‘considerable’ investments in the Bolivian gas sector, Dutch daily Het Financieele Dagblad reported, citing Bolivian energy minister Carlos Villegas Quiroga.

The oil major also intends to sell part of its 25 pct stake in Bolivian gas transport company Transredes back to the Bolivian state, the paper said, noting Shell officials will next week start negotiations with the Bolivian government on that issue.

It added that on Monday, Shell chief executive Jeroen van der Veer met Bolivian president Evo Morales, who was on a state visit to the Netherlands.

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