Jan. 29 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil company, said the cost of producing Canadian oil sands rose to about $38 a barrel last year, including fuel expenses.
Shells oil-sands production in Canada last year was 80,000 barrels a day, Chief Financial Officer Peter Voser said today on an analyst call. Costs averaged $29 a barrel in 2007, when Shell produced 87,000 barrels a day, he said.
We expect that to make a profit in Canada, Chief Executive Officer Jeroen van der Veer said in a Bloomberg Television interview today from The Hague.
Shell withdrew an application in November for government approval of its Carmon Creek oil-sands development in Canada because of rising industry costs. In October, the company postponed the second-phase expansion of its Athabasca oil-sands project, also in Canada.
Energy costs account for about 20 percent to 25 percent of the oil sands production expenditure, Voser said.
Oil and gas production at Shell may experience a slight decline in the short term, Van der Veer said, adding that very soon our big projects will kick in.
To contact the reporter on this story: Eduard Gismatullin, Steve Voss and Paul George in London at [email protected]
Last Updated: January 29, 2009 10:58 EST
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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.
