Royal Dutch Shell Group .com Rotating Header Image

Posts on ‘September 5th, 2004’

Kremlin vows to underwrite China’s huge Yukos contract

The Business: Kremlin vows to underwrite China’s huge Yukos contract

“The state-owned gas company PertoChina struck out at Moscow in retaliation at the start of August by cancelling a $5.6bn (£3bn,€4.6bn) contract with Russia’s natural gas giant Gazprom, Shell and Exxon-Mobil to build the longest gas pipeline in the country from newly discovered gas fields in western China to Shanghai.”

5 Sept 2004

By Ben Aris

IN Moscow

RUSSIAN Prime Minister Mikhail Fradkov last week attempted to smooth over growing tensions with China by promising that the Russian government would honour oil contracts made by Yukos.

The giant oil company is facing bankruptcy at the hands of the Kremlin.

“There are no reasons for any emergency,” Fradkov said. “Oil products will keep going to China the way they have been.”

Portfolio investors may have been badly burnt by the Yukos affair, but China is facing a energy crisis if its long-term supply contracts with Yukos are not honoured. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Pakistan Times: Shell Card introduced, Investment in Pakistan nearly US$ 300Mln

Pakistan Times: Shell Card introduced, Investment in Pakistan nearly US$ 300Mln

Pakistan Times Business & Commerce Desk

Posted 5 Sept 04

KARACHI: Shell’s investment in Pakistan is closed to US$ 300 million. This was stated by Shell Country Manager and Managing Director Farooq Rehmatullah at the formal launch of “Shell Card” here Saturday.

He said that deregulation of oil and gas sector provided existing players with a favorable environment to further expand their investment. He was of the view that Shell Retail with over 1,200 retail outlets in Pakistan, aims to provide quality products and services to the customers at very competitive prices. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Cairn’s Indian oil find comes in at the top end of City forecasts

Sunday Telegraph: Cairn’s Indian oil find comes in at the top end of City forecasts

“Investors have become concerned about reserves bookings in the wake of the debacle at Royal Dutch/Shell. The Anglo-Dutch oil giant shocked the market in January by revealing it had overbooked its reserves by 25 per cent.”

By Sylvia Pfeifer (Filed: 05/09/2004)

Cairn Energy will this week delight the City by revealing that reserves at its giant oil field in India are at the top end of forecasts.

An external audit report is understood to have concluded that the giant “Mangala” field in Rajasthan, northern India, holds close to 1.1bn barrels of oil.

The report says the field is likely to yield close to 275m barrels of oil – at the upper end of the previously estimated range of “recoverable” reserves of 100m to 275m barrels. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Big Four ‘will not audit banks’ unless liability is limited

Sunday Telegraph: Big Four ‘will not audit banks’ unless liability is limited

“KPMG and PwC are facing a multi-billion dollar class action in the US over their audit of Shell”

By Edward Simpkins (Filed: 05/09/2004)

Senior partners from the big four accountancy firms will tomorrow warn Patricia Hewitt, the secretary of state for trade and industry, that unless the Government agrees to limit auditors’ liability, they will refuse to audit big banks and insurers.

The chairmen of the firms – PricewaterhouseCoopers, Ernst & Young, Deloitte and KPMG – along with representatives from the mid-tier firms and the Institute of Chartered Accountants (ICA) have been summoned to meet Hewitt tomorrow to discuss their demands for a change in the law to be included in the forthcoming Companies Act. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
%d bloggers like this: