RIYADH (Reuters) – Saudi Aramco, the state-owned oil conglomerate, plans to buy up to 14.95 percent in Japan’s fifth-largest refiner Showa ShellSekiyu K.K. <5002.T>, the official Saudi Press Agency (SPA) reported on Saturday.
A spokesman for Saudi Aramco could not confirm the SPA report. Aramco already owns a 15 percent stake in Showa Shell.
SPA said the transfer of a 9.96 percent stake in Showa Shell, a Royal Dutch Shell affiliate , would be completed in August, subject to regulatory approval.
“Saudi Aramco has also agreed in principle to acquire an additional 4.99 percent of Showa ShellSekiyu from the Royal Dutch/Shell Group, subject to satisfaction of certain commercial conditions,” it added in a dispatch from Tokyo.
Under the agreement, Saudi Aramco will supply a minimum of 300,000 barrels per day (bpd) of Arabian crude to Japan.
It said the deal would expand Aramco’s refining and marketing presence and ensure a reliable supply of high quality refined petroleum products in Japan.
Showa Shell has a crude oil processing capacity of 515,000 bpd. It has boosted supplies of Saudi crude at the expense of Iranian grade.
Japan cut crude imports from Iran more sharply than from other major suppliers in the second quarter as Tehran’s nuclear stand-off with the West dragged on.
The deal “will enhance Showa Shell’s refining and marketing business in Japan through the secure supply of high quality Saudi crude oil”, SPA said.
(c) Reuters 2006. All rights reserved.
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.
