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Shell estimates annual Argentina investment of $300 million through 2020

Reuters - UK Focus

BUENOS AIRES, Sept 29 (Reuters) - Royal Dutch Shell (LSE: 0LN9.L - news) plans to invest $300 million a year in Argentina through 2020 in exploration as well as refining, distribution and marketing, the company said in a statement on Thursday.

The announcement came after Shell Chief Executive Ben van Beurden met with Argentine President Mauricio Macri in Buenos Aires. Shell (LSE: RDSB.L - news) has been working to launch an early production well in Argentina's Vaca Muerta shale reserves. (Reporting by Juliana Castilla; Writing by Caroline Stauffer; Editing by Peter Cooney)