REUTERS
LONDON, March 1 (Reuters) – Oil and gas major Royal Dutch Shell (RDSa.L) is selling a number of assets, including its European liquid petroleum gas businesses, to fund a 28 billion pound capital spending programme, the FT reported on Monday, citing unnamed sources.
The Anglo-Dutch giant has said it is looking to divest 15 percent of its global refining capacity as the European oil industry battles a drop in demand for oil products and 15 year-low margins.
The FT said the oil company planned to raise $2-3 billion dollars by auctioning off assets that did not contribute to its growth plans, including refining and marketing operations in Europe and mature oil and gas field in the North Sea and Nigeria.
A spokesman for Shell, Europe’s largest oil company, declined to comment.
The paper said Swiss-bank Credit Suisse was advising on the deal and that a number of private equity firms, including Axa Private Equity, Bain Capital and PAI, were interested in acquiring the group’s European liquid petroleum gas businesses.
The oil major already agreed to sell its stake in three onshore oil licences in Nigeria at the end of January. [nLDE60S29D]
Royal Dutch Shell (RDSa.L) made more than a one billion dollar loss in downstream business in the fourth quarter.
(Reporting by Caroline Copley; Editing by Diane Craft)
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.
