By GEOFFREY T. SMITH
July 21, 2006
MOSCOW — The Russian Natural Resources Ministry said Thursday that it will launch a monthlong audit of the Sakhalin-2 project, criticizing delays and cost overruns to the project that it said threaten national interests.
A statement released by Natural Resources Minister Yuri Trutnev said Sakhalin Energy Ltd., a consortium led by Royal Dutch Shell PLC, is taking longer to drill wells and start production than seen in the agreement under which the project is being developed.
“This is harming the interests of the Russian Federation, inasmuch as it defers to a later date the sharing of profit oil between the state and investors,” Mr. Trutnev said in the statement.
Mr. Trutnev said the state couldn’t hope to receive profit oil until 2014 at the earliest, partly because of Sakhalin Energy’s estimated costs doubling between 2003 and 2005. The ministry said Sakhalin Energy proposes to load its first tanker of liquefied natural gas no earlier than the third quarter of 2008, as opposed to November 2007 in its original plans. It said the consortium plans to produce 2.8 million metric tons less oil between 2006 and 2008 than it had planned.
A Sakhalin Energy spokesman said the ministry’s statement only reiterated what it itself had said about the project last year. “The ministry’s statement doesn’t contain any new information that the company hadn’t already provided,” the spokesman said. He declined to comment on why the government had chosen this moment to announce the audit.
Write to Geoffrey T. Smith at [email protected]
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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.
