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Posts on ‘May 12th, 2004’

The Times: BP, Shell and Kingfisher lead the British rush for contracts in China

The Times: BP, Shell and Kingfisher lead the British rush for contracts in China

By Carl Mortished, International Business Editor

May 12, 2004

BRITISH companies, led by BP, Shell and Kingfisher, have secured contracts in China worth more than $1.5 billion (£850 million) as they seek to profit from soaring demand for energy and consumer goods, and increased private car ownership in the People’s Republic.

BP announced that it had signed $1 billion worth of deals at a ceremony in London in the presence of Wen Jiabao, the Chinese Prime Minister.

The oil multinational is ramping up its chemicals investment with a new 500,000 tonne acetic acid plant in Nanjing and it plans to increase capacity at another site in the Pearl River Delta.
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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

TheBakersfieldChannel.com: Shell Has No Plans To Cover Refinery’s Loss

TheBakersfieldChannel.com: Shell Has No Plans To Cover Refinery’s Loss

KERO Interviews Refinery Manager

Posted 12 May 2004

BAKERSFIELD, Calif. — As the closing date approaches, the controversy surrounding the closure of the Shell Refinery on Rosedale Highway continues to heat up, KERO reported.

Consumer Reporter Heidi Carter sat down with the refinery manager, who said the Bakersfield refinery isn’t efficient enough to keep open, even though it’s making a profit.

Amir Farid said the Rosedale refinery isn’t as efficient as Shell’s two other California refineries, which is why Shell will close it down at the end of September.
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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Added energy for trade links

Financial Times: Added energy for trade links

By Jonathan Moules

Published: May 12 2004

Anglo-Chinese business relationships received a fillip yesterday when four British companies signed joint ventures worth $1.5bn with companies in China.

Senior executives from the energy businesses BP and Shell, Kingfisher, the retail group, and its B&Q home improvement subsidiary joined Patricia Hewitt, UK trade secretary, and Bo Xilai, the Chinese commerce minister, at a contract signing ceremony in London.

BP accounted for the lion’s share of the contracts with more than $1bn of business. The largest was a $577m contract with PetroChina to develop hundreds of retail petrol stations in Guangdong province by 2007. A similar arrangement worth $250m in Zhejiang province was signed with Sinopec.
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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell executives to gather for summit

Financial Times: Shell executives to gather for summit

By Ian Bickerton

Published: May 12 2004

Royal Dutch/Shell, the European energy group, will assemble its top 400 employees later this month for the first time since the oil and natural gas reserves scandal broke in January.

The meeting to be held May 25-26 at a resort near Houston is a scheduled event that takes place twice a year but it will be the first chance such a large group of Shell’s leaders will have to discuss the future of the company.

“I imagine that Jeroen van der Veer [chairman] will give some indication as to what is on his mind regarding changing the governance model and that will be one of the hot topics, and people will also be looking for guidance on where the growth will come from and the strategy for more reserves,” said one person familiar with Shell’s thinking.
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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

BP and Shell invest $1.2bn in Chinese petrol station expansion

The Independent: BP and Shell invest $1.2bn in Chinese petrol station expansion

By Michael Harrison

12 May 2004

The western oil majors BP and Royal Dutch/Shell yesterday unveiled plans to invest $1.2bn in petrol stations and chemical plants in China.

BP signed a series of agreements with China’s Sinopec to expand their service station and chemicals joint ventures. The agreements will lead to the building of a 500-strong chain of petrol stations in Zhejiang and Guangdong provinces and a 500,000 tonnes-a-year acetic acid plant in Nanjing, Jiangsu province.
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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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