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Canadian Press: Shell Canada appoints Brian Straub to head Canadian oilsands operations

Canadian Press: Shell Canada appoints Brian Straub to head Canadian oilsands operations

Thursday, July 07, 2005

CALGARY (CP) – Shell Canada has appointed international oil executive Brian Straub to head the company’s Canadian oilsands operations.

The Calgary-based integrated oil company announced late Wednesday that Sraub will take over as senior vice-president for the oilsands business, effective Oct. 1. He will succeed Neil Camarta who has headed Shell’s oilsands division since 1996 and is taking another executive position this fall.

Straub grew up in Alberta and joined Shell Canada in 1977 with a petroleum engineering degree from the University of Wyoming. He has held various drilling and operating, technical and commercial management positions in Shell Canada’s oil and natural gas businesses.

Straub has also worked with parent company Royal Dutch Shell’s global operations, including the last two years as technical director for the global oil giant’s Asia Pacific region.

“I am delighted to welcome Brian back to Shell Canada at a time of great opportunity for oilsands,” said Clive Mather, Shell Canada’s president and CEO. “The strong foundation for this business has been laid by Neil Camarta who has been at the heart of Shell Canada’s oilsands project from the beginning. Developed under Neil’s leadership, the oilsands business is contributing significantly to the success of the company today and will be a key part of our future.”

Shell’s (TSX:SHC) oilsands operations include the Muskeg River Mine in northern Alberta, which produces 155,000 barrels of extra heavy crude called bitumen a day, with plans for a major expansion. The crude is processed at the Scotford refinery near Edmonton into synthetic oils.

Shell Canada also has major natural gas and chemicals operations and owns a national network of gasoline stations under the Shell brand.

The company’s shares fell 11 cents Wednesday to close at $34.22 on the Toronto Stock Exchange.

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