Reuters
Dominican Rep. seals refinery stake buy from Shell
Wed Aug 6, 2008 9:09am EDT
SANTO DOMINGO, Aug 6 (Reuters) – The Dominican Republic government has concluded the buyout of Royal Dutch Shell Plc’s (RDSa.L: Quote, Profile, Research,Stock Buzz) 50 percent stake in a refinery for $110 million.
The purchase of the half share the government did not already own in the refinery, known by its Spanish language acronym as REFIDOMSA, was sealed in a brief signing ceremony in the offices of Finance Minister Vicente Bengoa.
The refinery has been co-owned by Shell and the Dominican Republic since it started operating in the mid-1970s.
By taking on full ownership the government was increasing its control over gasoline distribution in the domestic market and could take greater advantage of the Caribbean country’s deal with oil exporter Venezuela under the Petrocaribe initiative, Bengoa said.
Under Petrocaribe, Venezuela offers oil to Caribbean and Latin American countries with preferential financing terms.
Bengoa said the terms of the agreement with Shell gave the government 90 days, from Tuesday, to pay for the stake. (Reporting by Manuel Jimenez; Editing by Michael Christie, Dave Zimmerman)
Reuters
Dominican Rep. seals refinery stake buy from Shell
Wed Aug 6, 2008 9:09am EDT
SANTO DOMINGO, Aug 6 (Reuters) – The Dominican Republic government has concluded the buyout of Royal Dutch Shell Plc’s (RDSa.L: Quote, Profile, Research,Stock Buzz) 50 percent stake in a refinery for $110 million.
The purchase of the half share the government did not already own in the refinery, known by its Spanish language acronym as REFIDOMSA, was sealed in a brief signing ceremony in the offices of Finance Minister Vicente Bengoa.
The refinery has been co-owned by Shell and the Dominican Republic since it started operating in the mid-1970s.
By taking on full ownership the government was increasing its control over gasoline distribution in the domestic market and could take greater advantage of the Caribbean country’s deal with oil exporter Venezuela under the Petrocaribe initiative, Bengoa said.
Under Petrocaribe, Venezuela offers oil to Caribbean and Latin American countries with preferential financing terms.
Bengoa said the terms of the agreement with Shell gave the government 90 days, from Tuesday, to pay for the stake. (Reporting by Manuel Jimenez; Editing by Michael Christie, Dave Zimmerman)
© Thomson Reuters 2008 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.
