On June 2, Shell chief Jeroen Van der Veer said his company plans to invest $27 billion in project investments. Gazprom Chief Executive Officer Alexei Miller, however, said at an energy conference in St. Petersburg his company wants to invest $30 billion to explore new fields and build gas pipelines in Europe, The Toronto Star reported.
Shell is the second-largest privately owned energy firm in the world -- ExxonMobil is the largest.
Tony Hayward, chief of the second-largest oil company in Europe, BP, said at the Asia Oil and Gas Conference in Kuala Lumpur Monday his firm plans to invest $22 billion in projects in 2008, the Star said.
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