October 01, 2007: 09:59 AM EST
RIO DE JANEIRO -(Dow Jones)- Brazilian state-run oil company Petroleo Brasileiro SA (PBR), or Petrobras, is considering forming a consortium to buy Exxon Mobil Corp.’s (XOM) South American assets, the Gazeta Mercantil newspaper said Monday.
According to reports in recent weeks, Exxon Mobil wants to sell its downstream assets in Brazil, Argentina, Uruguay, Paraguay and Chile.
The Exxon assets are valued at about $800 million by Petrobras, but a deal wouldn’t likely close this year, the newspaper said.
A purchase of Exxon’s 1,800 service stations in Brazil would, however, boost Petrobras’ distribution market share in Brazil to close to 50% from 41%, which could raise antitrust concerns, previous news reports in Brazil have said.
To circumvent antitrust issues, Petrobras is considering forming a consortium, Gazeta said, citing unnamed company sources.
A possible partner in such a consortium could be Brazilian fuel and petrochemicals company Ultrapar Participacoes SA (UGP), or Ultra.
Ultra on Friday confirmed its interest in acquiring Exxon’s Brazilian assets, but alone may not have the financial capacity for such a deal.
In March, Ultra became Brazil’s second-biggest distributor when it bought the service stations of local oil company Ipiranga (PTIP4.BR) in the country’s south and southeast, which represent a market share of 15% in all of Brazil.
Petrobras may be competing with Venezuelan state-run oil company Petroleos de Venezuela SA, or PdVSA, for the purchase of Exxon’s South American assets.
According to news reports from Uruguay and Argentina, PdVSA is interested in buying Exxon’s assets there.
Such a move reportedly would be seen as favorable by Argentine President Nestor Kirchner if it were to include Argentina’s state-energy company Enarsa. Also, Kirchner’s government is reluctant to allow a further expansion of Petrobras in the country.
-By Bernd Radowitz, Dow Jones Newswires; +5521-2553-7322; bernd.radowitz@ dowjones.com;
(END) Dow Jones Newswires
10-01-07 0959ET
Copyright (c) 2007 Dow Jones & Company, Inc.
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.
