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Royal Dutch Shell News Monday, 18 April 2005

Royal Dutch Shell News Monday, 18 April 2005

THE NEW YORK TIMES: Shell’s Jiffy Lube Chain Rolls Into China: “Royal Dutch/Shell Group and China’s top car maker aim to open 600 of Shell’s Jiffy Lube maintenance outlets in China by 2015…”: “Shell executive vice president David Pirret told reporters on Monday the partners hoped in the venture’s first year to launch 10 Jiffy Lube outlets, introducing to China a U.S. drive-in chain that specializes in 10-minute oil changes and other car tune-ups.” (ShellNews.net) 18 April 05

THE WALL STREET JOURNAL: Shell, Shanghai Auto To Launch Jiffy Lube JV: “The joint venture will be called Anji Jiffy Lube Automotive Services Co. and Shell will partner Shanghai Automotive Industry Sales Corp., a unit of Shanghai Automotive Group Co., to launch the shops.” (ShellNews.net) 18 April 05

MarketWatch: Shell plans car-maintenance JV in China: “Royal Dutch/Shell Group said Monday it plans to launch a car-maintenance joint venture in China modeled on its Jiffy Lube stores in the U.S.”: “Shell acquired Jiffy Lube in 2002 as part of its purchase of Pennzoil-Quaker State Co. Jiffy Lube has 2,200 outlets in North America serving 80,000 cars per day.” (ShellNews.net) 18 April 05

ShareWatch.com: Royal Dutch Shell upped at Merrill on tech support: “The broker also told clients that it sees potential for some positive news…” (ShellNews.net) 18 April 05

Tehran Times: Iran expects to win bid for Basell in a month: official: “According to all the documents, we are the winner…”: (ShellNews.net) 18 April 05

BUSINESS WEEK: Week of woes for BP: “Taken with a revival by arch rival Shell and a new law that may restrict development, Russia is proving more of a headache for BP than the company hoped.: Royal Dutch/Shell’s Russia strategy, built on mega-projects such as its $12bn Sakhalin liquefied natural gas (LNG) scheme, may yet trump BP’s bold $7.5bn joint venture with TNK in 2003.”: “Shell also seems to be having a better time from state gas monopoly Gazprom, which is in effect pitting BP against its Anglo-Dutch rival.” (ShellNews.net) 17/18 April 05

AFX Europe (Focus): Sibir Energy says early drilling results from Salym fields ‘above expectations’: “The fields are being developed by Salym Petroleum Development (SPD), a 50/50 joint venture between Shell Salym Development BV and Sibir’s subsidiary Evikhon.” (ShellNews.net) 18 April 05

THE WALL STREET JOURNAL: Sibir Energy: Salym Wells Production Exceeding Target: “SPD is a 50/ 50 joint venture company between Shell Salym Development B.V. and Evikhon, a subsidiary of Sibir.” (ShellNews.net) 18 April 05

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