THE WALL STREET JOURNAL
December 11, 2009
LONDON (Dow Jones)–Essar Oil Ltd. (500134.BY) aims to agree terms for the purchase of three European refineries from Royal Dutch Shell PLC (RDSB.LN) before Christmas, two people familiar with the matter told Dow Jones Newswires Friday.
Shell and Essar aimed to conclude negotiations by Nov. 30, but had to extend that deadline. Progress toward a deal has been slower than expected and there is still some due diligence work to complete, said one person. A price for the transaction isn’t yet agreed, the person added.
Indian firm Essar is still waiting to get all of its financing in place for what is likely to be an all-cash deal, the person said.
Essar is in talks to buy Shell’s Stanlow refinery in the U.K. and the Heide and Harburg plants in Germany.
Shell plans to sell off about 15% of its global refining capacity, or about 600,000 barrels a day of capacity, in the next three years as part of its restructuring program aimed at increasing profitability and efficiency. It agreed in September to sell its fuel and lubricant businesses in Greece for about EUR260 million.
Company Web sites: www.shell.com; www.essar.com
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected] (Sunil Raghu in New Delhi contributed to this article.)
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.
