Business Standard (India)
Nevin John / Mumbai December 10, 2009, 0:48 IST
Ruias-controlled Essar Oil (EOL) is looking to seal a deal with Royal Dutch Shell at $1-1.2 billion (between Rs 4,670 and 5,600 crore) for acquiring the global petroleum giants three refineries in Europe. EOL has presented its valuation of assets to the Shell management and the negotiations are on verge of completion, said banking sources close to the development.
A team of Essar Oil is in London, discussing the issues related to integration of assets. Group chief executive Prashant Ruia, son of chairman Shashi Ruia, has already completed the a few rounds of talks with Shell management, said company sources.
Essar Group is looking to acquire the assets in an all-cash transaction. The company has already received financial commitments from global banks to fund the acquisition, said the sources. Standard Chartered is believed to be the lead arranger of funds.
A spokesperson of EOL said, We are in exclusive discussions with Shell and it is not our policy to comment on our negotiations and timelines.
The Hamburg unit has a capacity to process 110,000 (bpd) of crude oil (5.5 million tonne a year), while Heide has a capacity of 91,000 bpd (4.55 million tonne). Stanlow, Britains second-largest refinery, can process 233,000 bpd (11.65 million tonne).
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.
