Posted Saturday 7 January 2006
By ANDREA R. MIHAILESCU
UPI Energy Correspondent
EXTRACT FROM ARTICLE
Shell's delays cost it $130M
Shell recently paid Iran $130 million in compensation for project delays in development and repair costs at the Sorush and Noruz oil fields, according to local reports.
Damages resulted from Shell's delays in developing the projects, Project Manager Mehdi Atrianfar was quoted as saying Sunday. He said costs are expected to increase further.
Shell had recurring delays during the project's implementation.
The British-Dutch venture also admitted last summer that its cost overruns at its liquefied natural gas project in Eastern Siberia at Sakhalin-2 doubled to $20 billion, with construction delays. Shell blamed increased project costs and the time delay due to the need to cover the rising price of raw materials, especially metals, higher contractor prices and the ruble's strengthening against the dollar.
Shell faced project delays in a number of other projects this year, including its Nigerian LNG project where cost overruns could reach over $1 billion.
Serious cost overruns may have led Shell to be excluded from a few multi-billion dollar projects.
Industry experts told United Press International during the unveiling of shortlist for the giant Gazprom gas field Shtokman that Gazprom's decision not to include Shell might have been attributed to the difficulties Shell encountered in implementing the Sakhalin-2 project.
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http://www.upi.com/InternationalIntelligence/view.php?StoryID=20051213-030018-3500r
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.














IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:


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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































