Peter Voser, chief executive officer, Shell, in an interview published on Wednesday on the company’s website indicated that Nigeria contributed significantly to the slump in its performance in the past one year. Voser, who will step down at the end of this year as the company’s CEO, said they were working on the performance issues. Shell’s second-quarter profit slumped to $4.6 billion from $5.7 billion a year earlier partly due to disruptions in Nigeria.
Global oil giant Royal Dutch Shell has reaffirmed the negative impact the surge in oil theft and sabotage in Nigeria has had on its performance in the past 12 months.
Peter Voser, chief executive officer, Shell, in an interview published on Wednesday on the company’s website indicated that Nigeria contributed significantly to the slump in its performance in the past one year.
“Things have been difficult in Nigeria, due to ongoing sabotage and security issues. We have seen underperformance at various production sites, such as those in the North Sea and at refineries in the USA,” he said, when asked what the disappointments of the past 12 months were.
Voser, who will step down at the end of this year as the company’s CEO, said they were working on the performance issues. “We have improvement programmes in place. These are about focus, speed and concentrating on the right things. I am confident that these programmes will be implemented successfully over the coming quarters.”
Continuing, he said, “We made great progress towards our long-term objectives. Shell will be launching 17 key projects over the next two years, geared to fulfilling our commitment to increase cash flow.”
It would be recalled that Shell’s second-quarter profit slumped to $4.6 billion from $5.7 billion a year earlier partly due to disruptions in Nigeria.
“Higher costs, exploration charges, adverse currency exchange rate effects and challenges in Nigeria have hit our bottom line. These results were undermined by a number of factors – but they were clearly disappointing for Shell,” Voser had said.
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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.
