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Bloomberg: Delta, Run by Ex-Shell Official, Is Raising $1 Billion, 3i Says

By Mathew Carr

March 23 (Bloomberg) — Delta Hydrocarbons, a company run by a former Royal Dutch Shell Plc executive, is raising $1 billion to help national oil companies worldwide enhance oil recovery, said 3i Group Plc, an investor.

London-based 3i will invest $250 million in the venture, it said in an e-mailed statement today. Delta is managed by Walter van de Vijver, formerly chief executive of the exploration and production unit of Royal Dutch Shell, 3i said in the statement.

To contact the reporter on this story: Mathew Carr in London at [email protected]

Last Updated: March 23, 2007 07:14 EDT

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