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Shell Faults Ex-Execs on Overbooking

Audit committee draft reportedly lays the blame on the ousted chairman and former head of exploration.

> > Royal Dutch/Shell ousted Sir Philip Watts,chairman of Shell Transportand Trading Company p.l.c., and Walter van de Vijver, former head of the exploration and production division. The report reportedly faults Watts and van de Vijver for not disclosing the overbooking reserves of oil and gas.

Source: CFO


Published:2004-04-13
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