By ANDREA R. MIHAILESCU
UPI Energy Correspondent
British-Dutch venture Royal Dutch Shell said it hopes to complete its asset-swap deal with Russian natural gas behemoth Gazprom by the end of the year despite complications.
“I hope that by the end of 2006 the exchange will be completed. It is already July,” Jeroen van der Veer, head of Shell, said in an interview with the Russian daily Vedomosti.
Under the contract, state-controlled Gazprom, the world’s largest gas company, will receive 25 percent plus one share in the $20 billion Sakhalin-2 liquefied natural gas project located in Russia’s Far East, while Shell will receive 50 percent plus one share in the Zapolyarnoye-Neocomian project.
The contract was inked one year ago, but soon after it was secured, Shell announced project delays and cost overruns would double to approximately $20 billion. Gazprom immediately asked for a renegotiation of the contract, stating it needs to analyze how the increase in Sakhalin-2 expenditures would affect the asset exchange deal.
Van der Veer acknowledged the deal would be complicated.
“This will be a very complicated deal. Complicated because we are talking about exchanging 25 percent in a project which is already 75 percent completed (Sakhalin-2) for a share in a project to develop the Zapolyarnoye field, or to be more precise, to develop part of that very large field. And that development has not yet started,” he said. “We have difficult discussions ahead, but we did not expect anything else.”
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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.

























































