Shell Sells Stake in South Africa’s Biggest Refinery to Thebe
By Carli Lourens
July 1 (Bloomberg) — Royal Dutch Shell Plc, which owns half of South Africa’s biggest refinery, sold 25 percent of its local refining unit to Thebe Investment Corp. to meet government requirements for ownership by black investors.
The transaction will take effect in October, Dennis Matsane, Shell’s spokesman in South Africa, said from his mobile phone today, adding the value of the deal won’t be disclosed.
The purchase gives Thebe 12.5 percent of Sapref, which Shell co-owns with BP Plc. Sapref can process 180,000 barrels a day of oil, or 23 percent of total refining capacity in South Africa, the biggest economy on the continent.
Oil companies operating in South Africa have agreed to sell a quarter of their business to black investors by 2010 as part of a government plan to redress racial imbalances caused by white rule under apartheid, which ended in 1994.
To contact the reporters on this story: Carli Lourens in Johannesburg at[email protected]
Last Updated: July 1, 2008 04:07 EDT
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.
