By Mario Sergio Lima and Rachel Gamarski published by Bloomberg.com 23 April 2015
Royal Dutch Shell Plc, poised to become Brazil’s biggest oil producer after Petroleo Brasileiro SA, said the state-run driller will emerge strengthened from a corruption scandal and the industry’s biggest debt load.
Speaking to reporters in Brasilia after meeting with President Dilma Rousseff, Chief Executive Officer Ben Van Beurden said Brazil probably will account for 20 percent of Shell’s output by the end of the decade after its planned $70 billion purchase of BG Group Plc. The Hague-based company would consider further growth opportunities in the country if they arise, he said.
“Given the quality of resources in Brazil, I think 20 percent is still at the lower limit of what we think we will be exposed to,” he said. “If opportunities would come to further deepen our positions in Brazil we will look at that very favorably indeed.”
BG’s Brazilian portfolio will become a key growth driver for Shell, with production set to increase to 557,000 barrels a day by 2020 from 144,000 in 2015, Jefferies analysts led by Jason Gammel wrote in a note to clients this month.
For Petrobras — which posted a record loss Wednesday partly because of writedowns from Brazil’s largest ever corruption scandal — Van Beurden’s comments offer some relief.
He forecast oil prices, which slumped to six-year lows this year, to rebound “in the medium term” and described Brazil’s so-called pre-salt deep-water deposits as among the world’s best with output profitable even at today’s prices.
“We have a lot of confidence in the investment climate in Brazil and the resources that this country holds,” he said. “So Brazil is a very strong and strategic country for us with the combination we announced with BG.”
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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
