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October 25th, 2004:

Shell in PR push for Sakhalin 2

Financial Times: Shell in PR push for Sakhalin 2

“The publication mirrors efforts by the embattled Shell elsewhere to stress its role as a responsible corporate citizen…”: “”The more a company does, the more it’s in trouble,” said an executive for a rival western energy group based in Moscow, commenting on the Sakhalin Energy document”

By Andrew Jack in Moscow

October 25 2004

Royal Dutch/Shell, the Anglo-Dutch petroleum group, and its Japanese partners are gearing up to launch a “charm offensive” to explain the benefits to Russia of their $12bn Sakhalin 2 project at a time of growing concern over attitudes to foreign investment in the country.

In a glossy 36-page booklet obtained by the FT and designed for widespread distribution, Sakhalin Energy, the partnership between Shell, Mitsubishi and Mitsui developing oil and gas in an offshore field off Sakhalin Island in Russia’s far east, argues that federal authorities will receive $45bn in direct income in the coming years from the project. read more

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