Exxon Mobil announced 28 billion USD investment in 2010
The U.S. energy giant Exxon Mobil Corp. increase their investments this year by 4% to $ 28 billion, hoping to increase their share of world market for the extraction of natural gas, the company reported, quoted by the agency Reuters. Consumption of natural gas in the world will grow over the next decade, as forecast by the Director-General argued the intention of the American company Tilersan Rex. Currently among the largest projects for exploration and extraction of natural gas deposits are Exxon Mobil in Qatar, and completed the acquisition of U.S. gas company XTO Energy Inc for $ 28 billion. By 2014, Exxon Mobil plans to invest each year between $ 25 and $ 30 billion in this year the company will increase by 3-4 percent yields, but in the long term – an average of 2.3 percent per year.
The main competitor to Gazprom and British Petroleum announced that it had completed a survey of Iraqi treasure in West Cournot, whose reserves are estimated at 8.7 billion barrels, in which Exxon Mobil holds a share of 60%.
Tags: Exxon Mobil, investment, money, natural gas, petrol