Thu Jun 8, 2006
LONDON, June 8 (Reuters) – Continued unrest in Nigeria is likely to affect international oil companies’ attempts to develop hydrocarbon reserves in the country, credit ratings agency Fitch said in a report on Thursday.
Fitch said this would have implications both for companies such as Royal Dutch Shell (RDSa.L: Quote, Profile, Research), which has the biggest exposure of oil majors to Nigeria, and Nigeria itself.
“Delayed development of projects involving these companies may put pressure on their reserve replacement levels and also medium-term production levels,” it said in the report.
“These projects are important for Nigeria in meeting its production targets and delays may result in levels of national production falling below those currently anticipated.”
A wave of violence against the energy industry has been sweeping the delta of southern Nigeria, where militancy is fuelled by poverty, lawlessness, corruption and struggles for control of a lucrative oil theft business.
On Wednesday, five South Korean gas workers were kidnapped in a bloody raid on a natural gas plant in the Niger Delta.
Alongside Royal Dutch Shell, Total (TOTF.PA: Quote, Profile, Research), Chevron Corp (CVX.N: Quote, Profile, Research), Eni (ENI.MI: Quote, Profile, Research) and ExxonMobil Corp (XOM.N: Quote, Profile, Research) also derive a significant proportion of their production from Nigerian operations, Fitch said.
© Reuters 2006. All Rights Reserved.
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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.
