Shell Stanlow Refiney
THE WALL STREET JOURNAL
APRIL 28, 2010
LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSB.LN) is still in talks with Essar Oil Ltd. (500134.BY) over the sale of three of its European refineries, but the company has also initiated talks with other parties, Chief Financial Officer Simon Henry said Wednesday.
Other potential buyers include private equity groups and state-controlled oil companies from outside Europe, he said.
Shell entered exclusive talks with Essar over the sale of the three refineries–Stanlow in the U.K. and the Heide and Harburg refineries in Germany–late last year, but talks between the companies have failed to reach a conclusion.
Essar Oil is planning an initial public offering in London that has delayed negotiations, Henry said.
“There are other interested buyers, no question,” he said. “It’s just a question of price. We are not looking for a fire sale…if we are not able to reach agreement on an acceptable price we will consider closure or conversion to a [storage] terminal,” he said.
Several companies are looking to sell refineries in Europe, many of which have been loss making in the last six months due to weak demand for the products they make.
However, refining margins appear to have bottomed out in the fourth quarter of 2009.
Shell’s own refining and marketing division showed a surprisingly strong swing back to a $778 million adjusted profit in its first quarter results announced Wednesday, from an adjusted loss of $427 million in the fourth quarter last year.
Company Web site: www.shell.com
-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected]
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.
