Russia’s Minister of Natural Resources, Yuri Trutnev, said last week that enhanced environmental scrutiny of Sakhalin Energy is part of Russia’s efforts “to defend its interests” after Shell announced that the cost of the project would nearly double to $20 billion.
The project is being developed through a special deal approved by Parliament known as a production-sharing agreement under which, in lieu of taxes, Russia takes part of the oil and gas produced once the investors’ costs are covered. Doubling the cost of the project would mean Russia would have to wait longer to see its share of the profits.
Mitvol said his agency also expects a Russian court to hear a suit this week, brought by Rosprirodnadzor, which is aimed at canceling the permit. But Mitvol said the Ministry doesn’t need a court decision to withdraw its approval.
“I think that by Friday we will succeed in canceling the permit,” Mitvol said.
The General Prosecutor’s office said in a statement issued Saturday that “this legal document was drawn up in violation of current legislative requirements and is subject to being annulled.”
Sakhalin Energy is also producing 80,000 barrels of oil a day under Phase-1 of the project. Sakhalin Energy has said that pulling environmental approval for Phase-2 wouldn’t halt oil production under Phase-1, although Russian officials have said they may also shutter Phase-1 over separate considerations.
-By Greg Walters and Benoit Faucon, Dow Jones Newswires (+7 495) 974 8055; [email protected]
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.
