DOW JONES NEWSWIRES
January 29, 2007 9:29 a.m.
HOUSTON — Tesoro Petroleum Corp. acquired Royal Dutch Shell PLC’s Los Angeles-area refinery for $1.63 billion, in a move to enhance its position as the leading West Coast refiner.
Tesoro Chief Executive Bruce Smith announced plans to acquire the 98,000 barrel a day refinery on Monday. The company acquired the refinery, located in Wilmington, Calif., as well as 250 gasoline stations from Shell. Additionally, Tesoro purchased 140 California gasoline stations from USA Petroleum.
“It doesn’t take much of an imagination to see how well these assets fit with our profile,” Mr. Smith said Monday
The acquisition gives the San Antonio-based independent refiner a position in Los Angeles, the only West Coast market where it was not previously represented.
“We’re going to have assets that are going to be significantly and immediately accretive to earnings,” Mr. Smith said.
Although some analysts had suggested that the acquisition could be blocked by federal regulators, Mr. Smith said the company was not concerned about the deal clearing the Federal Trade Commission. “This has been reviewed by a lot of attorneys who are familiar with what the potential problems are with an acquisition or acquisitions of this sort,” he said.
After the deal closes the company plans to aggressively invest in the refinery. Tesoro plans to invest $325 million to $350 million on improvements over the next five years, $375 million to $400 million on regulatory costs over the next five years, and $80 million a year on maintenance costs. Overall, approximately $1 billion will be invested in the refinery, Mr. Smith said.
The company anticipates $100 million in synergies with its other refineries in the first 12 months, he said.
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
