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Royal Dutch Shell News Monday, 21 March 2005

Royal Dutch Shell News Monday, 21 March 2005

Corporate Board Member Magazine (March/April 2005 issue): Shell Rebuilds Itself: “Investors are still divided about the culpability of Shell’s directors in the reserves debacle.”: “The stock price plummeted—losing some $22 billion in value at its nadir—and the bond-rating agencies stripped Shell of its triple-A rating. Class-action suits were springing up in the U.S. like poisonous toadstools.”: “…Lord Oxburgh conceded that Shell executives had been “economic with what they passed on to the board. Evidence of just how “economic” Watts & Co. had been soon began to mount…”: “The Shell board recognized that its top priority was restoring the company’s reputation…”: “William S. Lerach—the California corporate scourge whose law firm brought a consolidated U.S. class-action suit on behalf of shareholders against Shell, its executives, and its directors for mismanagement and fraud—judges the reforms timid and inadequate” (ShellNews.net) 21 March 05

AFX Europe (Focus): Shell looks to supply LNG to Chinese oil firms: “Royal Dutch/Shell Group said it wants to supply liquefied natural gas (LNG) to China’s oil majors in an effort to secure a share of the country’s growing and lucrative market.” (ShellNews.net) 21 March 05

menareport.com (Middle East): Iraq plans to raise oil output to 6 million bpd: “The Iraqi oil ministry discusses with Shell financing the construction of oil refinery in Baghdad to meet the current demand for oil products.” (ShellNews.net) Posted 21 March 05

Daily News (Sri Lanka): Shell helps dealers rebuild their livelihood in tsunami affected areas (ShellNews.net) Posted 21 March 05

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