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September 2nd, 2007:

New Europe: The Big Squeeze: Nazarbayev follows Putin’s M.O.

Energy
KAZAKHSTANENI
Author: Kostis Geropoulos
 
Giant Caspian oil field Kashagan is the bone of contention in a dispute between the Kazakh authorities and Italy’s ENI*

Nursultan Nazarbayev has learned from the best. Russian President Vladimir Putin may have given the Kazakh president a few pointers on how to squeeze foreign oil and gas companies extra hard, threatening to take away their prized assets, in order to work out a better deal for his country.

The Kazakh government’s decision on August 27 to suspend work on the ENI-operated Kashagan oil field for breaches of environmental regulations is eerily similar to the way Russia’s Kremlin muscled back Shell’s Sakhalin-II and BP’s Kovykta assets. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

The Sunday Times: British aid for Russian ‘eco disaster’

September 2, 2007
Georgina Kenyon and Jonathan Leake

BRITISH taxpayers are expected to offer a £500m lifeline to a troubled Russian oil and gas project despite warnings that it is turning into an environmental disaster.

The Sakhalin II project, to extract fossil fuels from beneath the freezing seas off Russia’s northeast Pacific coast, is among the world’s largest and most controversial energy schemes.

Britain’s Export Credits Guarantee Department (ECGD) has agreed, in principle, to underwrite it, and John Hutton, the secretary of state for business, enterprise and regulatory reform, is expected to make a final decision within weeks. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

International Herald Tribune: Lack of legal framework keeps oil investors out of Iraq

The Associated Press

Published: September 2, 2007

DUBAI, United Arab Emirates: Iraqi government officials and energy experts presented detailed plans for exploiting the wartorn country’s vast petroleum wealth but admitted that the absence of a law regulating the industry is a bigger obstacle than security to attracting foreign investment.

Government officials at the three-day “Iraq Oil, Gas, Petrochemicals and Electricity Summit” held in Dubai tempered their grandiose projects for exploiting the country’s massive oil reserves by admitting that the vital, but contentious, law still needed to be passed. read more

This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.