Reuters: Buckeye to buy Shell US Midwest assets for $530 million
Thu Jul 1, 2004 09:26 AM ET
NEW YORK, July 1 (Reuters) – Buckeye Partners L.P. a refined oil-products pipeline company, on Thursday said it agreed to buy a package of pipelines and terminals in the U.S. midcontinent from Royal Dutch/Shell Group for $530 million in cash.
Buckeye, which is based in Emmaus, Pennsylvania, said it will gain five major pipelines that distribute gasoline and other oil products from a St. Louis-area hub, where Shell once owned a refinery.
Anglo-Dutch Shell, the world’s third-largest oil company, is selling its 309-mile North Line System, the 355-mile East Line System, a 191-mile Two Rivers Pipeline and two shorter lines, the St Louis 6-Inch Pipeline and the ATF Pipeline.
Shell, which previously announced plans to divest some U.S. downstream assets, also is selling 25 product terminals in Illinois, Indiana, Ohio, Michigan and Missouri with a combined storage capacity of 10.5 million barrels.
Buckeye expects the purchase to boost cash available for annual distributions by 15 cents per unit. And because the assets are located near its existing facilities, Buckeye says it expects to realize significant savings.
The transaction will be funded by credit facilities and bank loans, Buckeye said, and is expected to be completed within 90 days.
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
