Henry Hubble: We are expecting the start-up of the Qatar Gas Train 4 in 2008, and the RasGas Train 6 also scheduled for start-up in 2008, expecting one about mid-year, and the other closer to the end of the year. It is the same as the F&O.
Paul Sankey (Deutsche Bank Securities): Can you quantify the extent to which disposable impacted your Downstream numbers?
Henry Hubble: The big impact in Europe is Englestat, and both on the year-on-year comparisons. There is ongoing on the part sales. We have ongoing high grating that we have got going around the world. A big piece of that happened in Africa, some of South America, but there is also high grating that is going on in the other portfolios as well. Then you also have impacts that are associated with turnarounds that are also impacting some of the numbers.
Paul Sankey (Deutsche Bank Securities): Can you give barrel numbers on that?
Henry Hubble: The Downstream, we are down on the petroleum product sales about 1%. Third quarter 2006 versus third quarter 2007, throughput wise we were up. That has improved reliability, and that was almost all that. If you look at the turnaround impact in Asia Pacific, that was Singapore, and Japan, the total of that was about the 116 that is in the numbers. Those were the two impacts there.
Paul Sankey (Deutsche Bank Securities): What about product sales?
Henry Hubble: The bulk of it is the investments in each of these areas.
Paul Sankey (Deutsche Bank Securities): Was the underlying market flat?
Henry Hubble: Yes. If you are trying to get back to what was the product demand, what we are seeing on a worldwide basis, is that we continue to see growth overall, not much down at all from what we have historically seen, on a total global demand basis, most of that growth occurring, though, in the Asia Pac area. US is near flat. There is nothing there that we can point to as a global demand response.
Mark Flannery (Credit Suisse): Are you getting ready to blend more ethanol into product in the Southeast, Florida particularly?
Henry Hubble: We are a major blender of ethanol. There are incentives to blend ethanol currently. We are maximizing that, but I am not going to get into specific regional thoughts that we might have. We are basically meeting the Federal requirements. We have blended before it was required because we saw economic opportunities there, and we continue to do that. We will take advantage of the incentives that are there to blend ethanol.
Mark Flannery (Credit Suisse): If the nation goes to E-10 at some unspecified time in the future, does that impact the way you think about investments in the domestic refining base?
Henry Hubble: Our long-term outlook for demand in the US, and in OECD in general, is that it is basically flat. What you see there is ongoing efficiencies that continue to come in, basically offsetting whatever modest growth there may be in miles driven and vehicle use. As we go forward, we are not seeing a lot of growth in our outlook, so we continue to focus on economically creeping our capacities, de-bottlenecking, low cost conversions ads. That has been part of our base continuous improvement of our refining facilities. We are constantly adding capacity through those mechanisms, but we are not seeing a lot of need for grass roots investments in these mature markets. In contrast, though, if you move out to Asia Pacific, China, some of these other areas. Our Boujeon project is a prime example there, where we are investing to meet that growing demand, which is substantially about what you can meet through de-bottlenecking. It is in the base where we are running our conversion capacity full in all of the regions. There is incentive to continue to de-bottleneck that.
Mark Gilman (Benchmark Company): The volume mix bar in your Upstream year over year earning experience is zero. Was the lifting position in this recently completed quarter more favorable than production, and that explains the bar in the chart, or was there an adverse lifting position in the year-ago period?
Henry Hubble: What you are seeing there is a mix effect. There is a positive effect associated with the Sakhalin project, where we have the export facilities now. You have higher realizations associated with that.
Mark Flannery (Credit Suisse): Is Marimba on offshore Angola ring fence with Kis-A in the same PSC, or is it a separate PSC?
Henry Hubble: It is ring fence.
Paul Cheng (Lehman Brothers): Did you have any contacts with the Nigerian government?
Henry Hubble: We have not had any contacts with them at this point.
Paul Cheng (Lehman Brothers): Where you are in terms of production at this point at peon basin and what kind of rate program do you have?
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