By Fred Pals
Nov. 23 (Bloomberg) — Essar Oil Ltd. may rise in Mumbai after a report that Royal Dutch Shell Plc is acquiring a 10 percent stake in the company as part of a deal to sell three refineries to the Indian company.
The stake is valued at about 17 billion rupees ($360 million) and will account for less than half the $800 million value of the three plants, the Economic Times reported Nov. 21, citing unidentified people. Essar and The Hague-based Shell have been in exclusive talks since Oct. 30 on the sale of the Stanlow refinery in the U.K. and the Hamburg and Heide refineries in Germany.
Shell is reviewing the future of its refineries worldwide as it seeks to reduce costs after the global recession curbed demand for fuel and dragged down prices. Shrinking profit margins have prompted refiners to idle and sell plants and slow operating rates.
Essar Oil, Indias second-largest non-state refiner advanced 1.95 rupees, or 1.5 percent, to 136.85 rupees on Nov. 20. The stock has added 57 percent this year.
An Essar Oil spokesman declined to comment when contacted by phone. Wim van de Wiel, a spokesman in The Hague for Shell, declined to comment when contacted by phone.
The Hamburg refinery can process 110,000 barrels of oil a day while Heide has a capacity of 91,000 barrels a day, according to data compiled by Bloomberg. Stanlow, Britains second-largest refinery, can process 233,000 barrels a day.
To contact the reporter on this story: Fred Pals in Amsterdam at [email protected]
Last Updated: November 22, 2009 13:30 EST
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.
