July 19, 2006, 11:28AM
© 2006 The Associated Press
MOSCOW — Russia’s natural resources minister on Wednesday warned that BP PLC’s Russian joint venture could see a raft of licenses in Russia revoked, while simultaneously slamming Royal Dutch Shell PLC for cost overruns at its liquefied natural gas project off the far eastern island of Sakhalin.
Yuri Trutnev was cited by the Interfax news agency as saying that his ministry had complaints about low production at 24 of TNK-BP’s facilities. “All grounds exist to submit this issue to the commission for revoking licenses,” he said, according to Interfax.
TNK-BP spokeswoman Marina Dracheva explained that the company had inherited a high number of idle wells, which it was working to reactivate, and insisted that it had a good “working relationship” with Trutnev’s ministry. “From time to time they ask businesses questions, and we can answer all these questions,” she told The Associated Press.
Separately, Trutnev said his ministry would investigate cost overruns that have seen the spending forecast at Shell’s flagship Sakhalin-2 oil and liquefied natural gas project double.
“They propose increasing the volume of investment and consequently reducing the economic effect for the Russian Federation,” Trutnev was quoted as saying by RIA-Novosti. The increased costs mean it would be longer before state coffers see revenues from the project, a violation of the agreement under which the license was originally granted.
In July last year, Shell said the expected cost of developing its oil and gas fields at Sakhalin had doubled to around $20 billion.
The oil company blamed currency swings and rising prices of commodities, such as steel, for driving up the cost of the project.
Shell spokesman Maxim Shupp said that he could not comment on Trutnev’s remarks, but noted that the cost overruns were already in the process of being reviewed by state bodies.
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.
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.
