Last Update: 10:49 AM ET May 29, 2006
RIO DE JANEIRO (MarketWatch) — Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, Royal Dutch Shell (RDSB.LN), and other private firms within a month will have to turn over their Bolivian gas station network to state-energy firm Yacimientos Petroliferas Fiscales Bolivianos, or YPFB, the Estado newswire said Monday.
Petrobras owns about 25% of Bolivia’s gas stations.
The transfer of the fuel distribution business also hits the companies Copenac, Pisco, Refipet, and Pexim, the newswire said.
The transfer comes in the wake of the nationalization of Bolivia’s oil and natural gas sector that was announced by Bolivian President Evo Morales on May 1. Companies have until June 30 to hand over their gas stations to YPFB.
While Morales is threatening to expel foreign energy firms that have invested more than $3.5 billion in Bolivia since 1996, he is receiving increasing support from Venezuelan President Hugo Chavez.
Chavez Friday in Bolivia signed far-reaching economic cooperation deals in – among others – the mining and energy sector.
Venezuela’s oil minister, Rafael Ramirez, has confirmed Friday Venezuela’s plans to invest $500 million in the short term for two natural gas processing plants, and up to $1.5 billion in the long term into Bolivia’s natural gas industry, according to the AP.
Venezuela’s state-oil firm Petroleos de Venezuela SA (PVZ.YY), or PDVSA, will help run 35 Bolivian state-owned gas stations in a venture to be called Petroandina.
Petrobras is inclined to give up its Bolivian gas stations, Estado said.
Bolivia has earlier said that it also wants Petrobras to hand over its two refineries in Bolivia to YPFB. Morales angered the Brazilian government, when he said earlier this month he saw no need to compensate foreign oil firms for possible asset losses in the wake of Bolivia’s oil and gas nationalization.
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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.
