Wed Oct 25, 2006 10:12 PM EDT
CALGARY. Alberta (Reuters) – Western Oil Sands Inc. (WTO.TO: Quote) said on Wednesday it has formally agreed to participate in Shell Canada Ltd.’s (SHC.TO: Quote) planned expansion of its Athabasca oil sands project at an expected cost to the company of C$2.2 billion ($1.95 billion).
Calgary-based Western Oil Sands’ main asset is its 20 percent stake in the project, which is slated for a 100,000 barrel a day expansion.
Western said the expansion is likely to cost about C$11.2 billion. In July, Shell Canada pegged the price of the project at anywhere between C$10 billion and C$12.8 billion.
The project includes the expansion of an oil sands mine north of Fort McMurray, Alberta, and an upgrading refinery near the provincial capital of Edmonton. If the project goes ahead, output will be more than 255,000 barrels of synthetic crude a day.
Western is the first of the partners to give a formal go-ahead to the project. Shell Canada, which has a 60 percent stake, said on Wednesday it will make a formal decision on whether to proceed by year-end.
That decision isn’t expected to be affected by Royal Dutch Shell Plc’s (RDSa.L: Quote) C$7.7 billion bid to acquire the 22 percent of the company it doesn’t already own.
U.S. oil major Chevron Corp. (CVX.N: Quote), which also has a 20 percent stake, has not yet said if it will participate. That decision is expected this week.
($1=$1.13 Canadian)
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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.
