By JOHN MORITSUGU
Inter Pipeline Fund said Monday it has agreed to acquire the Corridor Pipeline System from an affiliate of Kinder Morgan Inc. for $760 million Canadian (US$646 million) including debt.
The Canadian fund said Corridor is the sole transporter of diluted bitumen and related products produced by the Athabasca Oil Sands Project, an oil-sands operations owned by Shell Canada Energy, Chevron Canada Ltd. and Western Oil Sands LP (Western).
Inter said the purchase price is subject to closing adjustments. It said funding for the acquisition will be provided from Inter Pipeline’s existing bank-credit facilities and the assumption of about $411 million of existing debt.
Inter said it will also assume responsibility for the completion of an estimated $1.53 billion expansion of Corridor. This project, which currently is under construction, will allow diluted bitumen capacity on the Corridor system to increase to about 465,000 barrels a day from its current capacity of 280,000 barrels.
“While Corridor is an operationally sound and strategically located pipeline, the sale of this asset will enable us to reduce debt and focus on other exciting growth opportunities,” said Richard D. Kinder, chairman and chief executive of Houston-based Kinder Morgan.
March 5, 2007 11:24 a.m.
Write to John Moritsugu at [email protected]
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.
