Source Pravda.Ru

Oil Giants Cuts

Shell, ExxonMobil and other oil companies will cut worldwide spending on exploration by 2.5 per cent in 2002, more than previously expected, according to a survey by Salomon Smith Barney.

Oil companies that raised budgets last year only to see prices collapse are more wary this year, said analysts. But the survey also pointed to an upturn in spending for 2003, with 42 per cent of respondents predicting growth of more than 10 per cent. Visit to

&to=http://www2.shell.com/home/Framework' target=_blank>SHELL

&to=http://www2.exxonmobil.com/corporate/' target=_blank>ExxonMobil

Comments
X-Files of Soviet Defense Ministry exposed
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Austrian spy scandal: Russian intelligence falls flat on its face
Austrian spy scandal: Russian intelligence falls flat on its face
On the report of Human Rights Watch against the DPRK
Russia negotiates with terrorists in Moscow
On the report of Human Rights Watch against the DPRK
On the report of Human Rights Watch against the DPRK
On the report of Human Rights Watch against the DPRK
World War I: Remembering the fallen, and the war criminals
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Without INF Treaty, USA can destroy Russian nuclear weapons easily
Norwegians complain of demoralised NATO soldiers
The difference between Polish and Ukrainian nationalism is plain to see
Russia sends assault ships to counter US aircraft carriers in the Mediterranean Sea
Mikhail Gorbachev shares his thoughts on nuclear war
Russia sets S-300 systems in Syria on combat readiness
Without INF Treaty, USA can destroy Russian nuclear weapons easily