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Industry committee  I'd find it very difficult to give you the exact numbers for Canada itself, but I can give you an overall picture of what's happening. If you start from the global situation, clearly global demand for refined products is going up. Refineries are being built in various parts of the world.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Again, the expression of interest from Delek... I do not know where those numbers came from that you quote in the press. The negotiations between Delek US and Shell were in total confidence. There obviously were leaks from those discussions, but I can tell you, I was in the room during those discussions, and those are not the numbers that were discussed between us.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Clearly, our first choice was to sell. There was no doubt in our minds. The minute we looked at our options, we immediately mobilized a team to try to sell the refinery. That started with one of my general managers in July of 2009, and we actively pursued that at that time. That was by far and away the best option we saw available to us.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Certainly shutting down the whole facility and not having product come through Montreal was way at the bottom. We did not think that was a viable opportunity when we looked at it. As far as the other options, clearly, as we studied it--and remember, these studies were ongoing--the terminal option became the next-best alternative to selling.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Clearly, if there's no refinery and no ability to move liquids into the region, there would almost immediately be shortages.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  We were open to offers for people to buy the wholesale business, or even to buy our whole business in the area. We would have been open, and were still... I mean, that's one of the discussions with Delek. We were still open to that opportunity if someone wished to do that.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Mr. Chair, again I'll pass this to Monsieur Houle.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  I'll ask Monsieur Houle to answer that.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  I'll have Monsieur Houle answer.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Mr. Chair, this is a document between Delek US... Actually, it's a document from Delek US to Shell, given to us during the negotiations. I will ask them after this hearing whether they're willing to release this document. It's a confidential document. Shell would certainly be willing to release it, but I think I owe it to Delek US, as it's their document.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Oh, we do care, Mr. Chairman. For instance, if we were to sell the refinery alone, which was originally our plan, we want to make sure that our customers are provided with fuel from that refinery.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Mr. Chairman, that's not true.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  If any company that is a credible operator or refinery would want to buy the refinery alone or would make an offer for the refinery and other businesses at a suitable value, we would be sellers. We have not denied that.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  The most difficult part of my job, Mr. Chair, is knowing that some of the decisions we take impact my fellow colleagues at Shell. This is not something taken lightly. There's no pleasure taken in the fact that some people are going to lose their jobs.

July 20th, 2010Committee meeting

Richard Oblath

Industry committee  Mr. Chair, we have a responsibility to a lot of different stakeholders. We have responsibilities to our--

July 20th, 2010Committee meeting

Richard Oblath