LONDON, June 7 (Reuters) - Royal Dutch Shell RDSa.L said on Tuesday it would sell up to 10 percent of its oil and gas production, leaving up to 10 countries to cut costs following its $54 billion acquisition of BG Group.
Presenting its strategy outlook in the wake of a deal that was completed in February, the Anglo-Dutch company said it would maintain annual spending below $30 billion until the end of the decade and cut its planned 2016 capex for a third time to $29 billion, down from an initial $35 billion.
Shell, the world's second largest oil and gas company, also vowed to save as much as $4.5 billion in costs related to the BG integration, up $1 billion from previous guidance.