Associated Press 05.29.07, 4:44 PM ET
Houston-based energy company Ashmore Energy International on Tuesday said it will buy Royal Dutch Shell PLC’s stakes in energy businesses in Brazil and Bolivia, including part of the Bolivia-Brazil natural gas pipeline.
Financial terms of the deal weren’t disclosed, and the transaction requires regulatory approval and consent, AEI said.
AEI already owns stakes in each of the projects from its May 2006 purchase of the Latin American assets of bankrupt U.S. energy company Enron Corp.
AEI will increase its stake in both the Bolivian and Brazilian sections of the Bolivia-Brazil natural gas pipeline, which has capacity to transport 30 million cubic meters of natural gas a day.
AEI will increase its stake in the Bolivian unit, GasTransboliviano SA to 34 percent from 17 percent, and will raise its stake in the Brazilian unit, Transportadora Brasileira Gasoduto Bolivia-Brasil SA, to 8 percent from 4 percent, according to the statement.
AEI also will buy 25 percent of Bolivia’s largest natural gas transport company, Transredes Transporte de Hidrocarburos SA, increasing its overall stake to 50 percent.
“These assets are strategically located and are critical for the energy supply of the region, and the acquisition will further strengthen our platform to grow in South America,” said Joao Carlos Albuquerque, AEI’s vice president responsible for Brazil and Bolivia.
In 2006, the Bolivian government took over the other 50 percent of Transredes, which had been in the hands of Bolivian pension funds. As part of its drive to nationalize the hydrocarbons industry, the government has said it wants to own at least 50 percent plus one share of Transredes.
AEI also will buy Shell’s 50 percent stake in the Cuiaba Integrated Project in Brazil, increasing its stake to 100 percent. The project includes a 480-megawatt thermoelectric power plant in Cuiaba, Mato Grosso state, and an accompanying natural gas pipeline transporting Bolivian gas to Cuiaba.
Copyright 2007 Associated Press. All rights reserved.
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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.
