By Torrey Clark
Nov. 22 (Bloomberg) — Russia’s oil output growth may slow to 2.4 percent this year amid government threats to halt work at Royal Dutch Shell Plc’s Sakhalin-2 project, before picking up next year, Renaissance Capital said in a report today.
Output in Russia, the world’s second-largest oil exporter, slid 0.4 percent in October from September as the price for Urals crude fell from a record in August and the government increased pressure on foreign-led projects, such as Shell’s $22 billion Sakhalin-2, to cede some control to state-run companies OAO Gazprom and OAO Rosneft.
Russia produced 9.44 million barrels a day last year, a record in post-Soviet Russia.
“Given the troubles plaguing the Sakhalin projects and the lack of growth outside of Rosneft, we have taken a knife to our figures yet again,” analysts Adam Landes, Roman Elagin and Elena Savchik wrote in a report today. They previously cut their forecast to 2.7 percent from 3.3 percent growth after September output slowed.
Russian Finance Minister Alexei Kudrin said Nov. 17 the country expects annual output growth of about 2 percent in the coming years.
Growth should accelerate in the coming years as the fields companies are investing more, the analysts said.
To contact the reporter on this story: Torrey Clark in Moscow at [email protected] .
Last Updated: November 22, 2006 05:12 EST
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.
