Published: Jun 27, 2007
BEIJING (XFN-ASIA) – China National Offshore Oil Corp’s petrochemical complex in Huizhou, Guangdong province, developed as a joint venture with Royal Dutch/Shell, has obtained a refinancing package equivalent to 22.28 bln yuan from a bank syndicate, the official Xinhua news agency reported, citing CNOOC.
The loan comprises 1.3 bln usd and 12.4 bln yuan offered by a bank consortium including Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Bank of Communications, Agricultural Bank of China and Zhonghai Trust & Investment Co Ltd, it said.
CNOOC said the loan will refinance earlier syndicated packages taken on for the project.
In 2003, the joint venture signed a 2.68 bln usd financing contract with domestic and foreign banks as well as export credit firms.
The CNOOC/Shell facility, based in Daya Bay Economic and Technology Development Park in Huizhou city, started operations in March 2006.
The joint venture facility has annual capacity of 800,000 tons of ethylene and 430,000 tons of propylene. It will also produce up to 2.3 mln tons of petrochemical products.
In November 2002, CNOOC, the parent of CNOOC Ltd and Royal Dutch/Shell agreed to invest a total of 4.2 bln usd in the petrochemical complex.
(1 usd = 7.62 yuan)
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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.
