Tuesday, October 10, 2006. Issue 3515. Page 5.
Royal Dutch Shell’s Sakhalin-2 project off Russia’s Pacific coast may cost as much as $50 billion, the Audit Chamber said Monday.
Operator Sakhalin Energy, which doubled expenses for the project’s second phase last year to $20 billion, may raise the cost of Sakhalin-2 once again, auditor Mikhail Beskhmelnitsyn said, Interfax reported.
Ivan Chernyakhovsky, a Moscow-based Sakhalin Energy spokesman, said he could not comment because it was unclear which figures the Audit Chamber was using. Sakhalin Energy has said it will spend $20 billion in the project’s second phase until 2014.
Operating costs over its 40-year lifetime are hard to estimate, it said, because they are dependent on energy prices, inflation and exchange rates.
Meanwhile, a senior Rosneft official said ExxonMobil-led Sakhalin-1 was not holding talks on moving from its current production sharing deal to the national tax regime.
“We are not considering any switch to the national tax regime. We consider our PSA to be a document which has the force of law,” Lev Brodksy, head of state oil firm Rosneft’s Sakhalin projects, said at a news conference.
“If these developments were talking place in 2006, it would probably have been different. But back in 1995, we had no choice. As a specialist and a participant, I simply don’t understand what this talk [of scrapping the PSA] is all about,” Brodksy said.
Rosneft has 20 percent in Sakhalin-1, while Exxon leads the project with 30 percent.
(Bloomberg, Reuters)
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.
