By Trisha Harris And Claire Hibbit 

Royal Dutch Shell has announced it will exit oil and gas operations in as many as 10 countries as part of a shift in strategy following its acquisition of BG Group.

In a company update released on Tuesday, Royal Dutch Shell CEO, Ben van Beurden, said Shell’s strategy “should lead to a simpler company, with fundamentally advantaged positions, and fundamentally lower capital intensity”.

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This story first appeared in C&I Week.