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First Cargo of Pearl GTL Products Ship From Qatar

Geschrieben am 13-06-2011

The Hague, Netherlands (ots/PRNewswire) -

Qatar Petroleum and Shell today announced that the Pearl
gas-to-liquids (GTL) plant, located in Ras Laffan Industrial City in
the State of Qatar, has sold its first commercial shipment of
GTLGasoil.

The sale marks the start of production of GTL products when the
State of Qatar and Shell, the operator of the Pearl GTL plant, begin
to receive revenue from the project. Over the coming months,
production will ramp up from the first production unit ('train') of
the Pearl GTL project. The second train is expected to start up
before the end of 2011. The plant is expected to reach full
production capacity by the middle of 2012 and is the largest energy
project ever launched in the State of Qatar.

(Photo: http://www.newscom.com/cgi-bin/prnh/20110613/461346 )

His Excellency Dr. Mohammed bin Saleh Al-Sada, Qatar's Minister
of Energy and Industry said: "The Pearl GTL project will play an
important role in further enhancing our diversification of the North
Field gas utilisation and will support the optimisation of Qatar's
competitive position in the world markets by supplying high quality
GTL products. I wish the Qatar Petroleum and Shell teams all the
success in bringing this project into full production safely and
successfully."

Peter Voser, Chief Executive Officer of Royal Dutch Shell said:
"Today's milestone provides further evidence that innovative
technology and strong partnerships can help meet the world's growing
need for energy. I would like to thank Qatar Petroleum and the State
of Qatar for their support throughout, to make such a substantial
project possible."

Once fully operational, Pearl GTL is expected to produce 1.6
billion cubic feet of gas per day from the North Field, which will be
processed to deliver an expected 120,000 barrels per day of
condensate, LPG and ethane and an expected 140,000 barrels per day of
gas-to-liquids (GTL) products using Shell's unique technological and
project management capabilities.

Shell is the operator of the Pearl GTL plant developed under a
Development and Production Sharing Agreement with the Government of
the State of Qatar. The Pearl GTL project was launched in July 2006
and the first stone was laid in February 2007 by His Highness Sheikh
Tamim bin Hamad Al-Thani, the Heir Apparent.

At the peak of construction at Pearl GTL, the project employed
52,000 workers. By the end of 2010, major construction was complete.
On 23 March 2011, gas began flowing from wells 60 kilometres
offshore. Then the gas processing plant began producing condensate,
LPG and sulphur and four of the world's largest air separation units
began producing oxygen. The GTL plant, which employs Shell
proprietary technology, was brought into production in May and
converts the gas and oxygen to GTL wax. In the last step of the
process, the waxes are cracked and distilled into finished GTL
products.

Pearl GTL is expected to produce a number of high-quality GTL
products for sale in oil product markets around the world: GTL
Kerosene for blending into a clean burning aviation fuel; GTL Gasoil,
a clean-burning diesel-type automotive fuel; GTL Base Oils for
premium lubricants; GTL Normal Paraffin for detergents; and GTL
Naphtha, a high-paraffin feedstock for the petrochemical industry.

Pearl pictures (including aerial shot of Pearl GTL plant at Ras
Laffan) can be downloaded here:

http://www.flickr.com/photos/royaldutchshell/5552175781/in/set-72
157623792015947

Caption: Aerial view of the Pearl GTL plant in Ras Laffan, Qatar.

Cautionary Note

The companies in which Royal Dutch Shell plc directly and
indirectly owns investments are separate entities. In this press
release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes
used for convenience where references are made to Royal Dutch Shell
plc and its subsidiaries in general. Likewise, the words "we", "us"
and "our" are also used to refer to subsidiaries in general or to
those who work for them. These expressions are also used where no
useful purpose is served by identifying the particular company or
companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell
companies" as used in this press release refer to companies in which
Royal Dutch Shell either directly or indirectly has control, by
having either a majority of the voting rights or the right to
exercise a controlling influence. The companies in which Shell has
significant influence but not control are referred to as "associated
companies" or "associates" and companies in which Shell has joint
control are referred to as "jointly controlled entities". In this
press release, associates and jointly controlled entities are also
referred to as "equity-accounted investments". The term "Shell
interest" is used for convenience to indicate the direct and/or
indirect (for example, through our 24% shareholding in Woodside
Petroleum Ltd.) ownership interest held by Shell in a venture,
partnership or company, after exclusion of all third-party interest.

This press release contains forward-looking statements concerning
the financial condition, results of operations and businesses of
Royal Dutch Shell. All statements other than statements of historical
fact are, or may be deemed to be, forward-looking statements.
Forward-looking statements are statements of future expectations that
are based on management's current expectations and assumptions and
involve known and unknown risks and uncertainties that could cause
actual results, performance or events to differ materially from those
expressed or implied in these statements. Forward-looking statements
include, among other things, statements concerning the potential
exposure of Royal Dutch Shell to market risks and statements
expressing management's expectations, beliefs, estimates, forecasts,
projections and assumptions. These forward-looking statements are
identified by their use of terms and phrases such as ''anticipate'',
''believe'', ''could'', ''estimate'', ''expect'', ''intend'',
''may'', ''plan'', ''objectives'', ''outlook'', ''probably'',
''project'', ''will'', ''seek'', ''target'', ''risks'', ''goals'',
''should'' and similar terms and phrases. There are a number of
factors that could affect the future operations of Royal Dutch Shell
and could cause those results to differ materially from those
expressed in the forward-looking statements included in this press
release, including (without limitation): (a) price fluctuations in
crude oil and natural gas; (b) changes in demand for Shell's
products; (c) currency fluctuations; (d) drilling and production
results; (e) reserves estimates; (f) loss of market share and
industry competition; (g) environmental and physical risks; (h) risks
associated with the identification of suitable potential acquisition
properties and targets, and successful negotiation and completion of
such transactions; (i) the risk of doing business in developing
countries and countries subject to international sanctions; (j)
legislative, fiscal and regulatory developments including regulatory
measures addressing climate change; (k) economic and financial market
conditions in various countries and regions; (l) political risks,
including the risks of expropriation and renegotiation of the terms
of contracts with governmental entities, delays or advancements in
the approval of projects and delays in the reimbursement for shared
costs; and (m) changes in trading conditions. All forward-looking
statements contained in this press release are expressly qualified in
their entirety by the cautionary statements contained or referred to
in this section. Readers should not place undue reliance on
forward-looking statements. Additional factors that may affect future
results are contained in Royal Dutch Shell's 20-F for the year ended
December 31, 2010 (available at http://www.shell.com/investor and
http://www.sec.gov ). These factors also should be considered by the
reader. Each forward-looking statement speaks only as of the date of
this press release, 13 June, 2011. Neither Royal Dutch Shell nor any
of its subsidiaries undertake any obligation to publicly update or
revise any forward-looking statement as a result of new information,
future events or other information. In light of these risks, results
could differ materially from those stated, implied or inferred from
the forward-looking statements contained in this press release.

We may have used certain terms in this press release, such as
resources, that the United States Securities and Exchange Commission
(SEC) guidelines strictly prohibit us from including in filings with
the SEC. U.S. Investors are urged to consider closely the disclosure
in our Form 20-F, File No 1-32575, available on the SEC website
http://www.sec.gov. You can also obtain these forms from the SEC by
calling 1-800-SEC-0330.

For enquiries:
Qatar Petroleum
Qatar Petroleum: Sultan Al-Abdulla +97444946445
Shell Media Relations
Qatar: Maartje Snellen, maartje.snellen@shell.com +974-44957740
Group: Kirsten Smart, kirsten.smart@shell.com +31-70-3773600
Shell Investor Relations
Europe - Tjerk Huysinga: + 31-70-377-3996
United States - Ken Lawrence: +1-713-241-2069

Photo:
http://www.newscom.com/cgi-bin/prnh/20110613/461346

ots Originaltext: Royal dutch shell plc
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