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Royal Dutch Shell seeing real cost savings -CEO

Reuters

Tue Jun 2, 2009 3:31am EDT

ABU DHABI, June 2 (Reuters) – Royal Dutch Shell Plc (RDSa.L) has seen costs come down over the past few months as projects are renegotiated, the firm’s chief executive Jeroen van der Veer told reporters on Tuesday.

“As far as projects are concerned and normal operating costs, we see a lot of our renegotiations … enter with lower costs at this moment,” van der Veer said on the sidelines of an industry conference in Abu Dhabi.

“So we talk about real cost savings,” he said.

(Reporting by Luke Pachymuthu; writing by Raissa Kasolowsky; Editing by Daliah Merzabn)

 

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