Bloomberg.com
By Guy Collins and Rachel Graham
July 9 (Bloomberg) — Royal Dutch Shell Plc may close or sell its Montreal East refinery in Quebec, Canada, as Europes biggest oil company carries out a global review of assets.
Other options include converting the 130,000 barrel-a-day refinery into a terminal, establishing a joint venture or leaving the plant running, a Shell spokesman said today by telephone, declining to be identified in line with company policy. Thereview could take some months and no decisions have yet been taken, he said.
Refiners need to consolidate and close plants to increase profitability, the Organization of Petroleum Exporting Countries said yesterday. The Hague-based Shell put two refineries in northern Germany up for sale earlier this year. Chief Executive Officer Peter Voser has pledged to simplify decision-making and cut costs against a deteriorating economic backdrop.
Shell is keen to improve performance at its downstream operations, said Richard Griffith, an analyst at Evolution Securities Ltd., by phone from London. That entails culling weaker components of the portfolio.
Global refining margins dropped to an average of $4.98 a barrel in the second quarter from $8.25 a year earlier, according to BP Plc data.
Shell is continuing to review its global assets as Voser attempts to put his stamp on the company after succeeding Jeroen van der Veer. Voser said in May that Shell has become too complex, announcing plans to merge the exploration and production, gas and power, and oil-sands units along geographical lines.
To contact the reporters on this story: Guy Collins in London at[email protected]Rachel Graham in London[email protected]
Last Updated: July 9, 2009 07:30 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.
