20:00 | 06/ 10/ 2006
MOSCOW, October 6 (RIA Novosti) – Russia will receive no more than 10% of hydrocarbon output under the Shell-led Sakhalin II project off Russia’s Pacific coast given the way the project has been implemented in 2005 and 2006, Russia’s financial watchdog said Friday.
Sakhalin II is being run under a 1994 product-sharing agreement by a consortium led by the Anglo-Dutch oil major, but has met with strong opposition from environmental groups and authorities. The Ministry of Natural Resources withdrew its own ecological approval for the project in September, jeopardizing crucial liquefied natural gas supplies slated for 2008.
And the Audit Chamber, which is looking into the economic efficiency of the project, said the agreement “is continuing to be implemented on terms and conditions that fail to benefit Russia.”
The Audit Chamber said the project operator had underestimated expected returns on future oil sales.
The expected returns are based on the oil price of $34 per barrel and a 3% increase until 2045, whereas current prices stand at around $60 per barrel. And the operator, Sakhalin Energy, has said project costs will increase from $12.04 billion to $22.2 billion by 2010.
The chamber also said the Lunsk gas deposit was still the subject of a geological survey, but the prospecting of its oil fringe and the deep oil-bearing horizons in the Piltun-Astokhsk deposit on the northwest shelf of Sakhalin had not been conducted.
The chamber also accused the consortium of ignoring a program to maintain reservoir pressure at the Astokhsk field, which could result in the loss of oil deposits.
The watchdog said the federal budget could face additional expenses under the project as the PSA agreement did not provide for the decommissioning of production facilities after their operating life expired
The Audit Chamber’s findings will be used in a government report on progress of the PSA in 2005, and the relevant documents will be sent to parliament and Sakhalin Energy.
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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.
