By Upstream staff
Shell has signed a secret protocol with the Russian government as part of its deal to sell half of the Sakhalin 2 project to Gazprom, allowing Shell to boost spending but not as much as it wanted, it was reported today.
Shell is now allowed to boost spending in the giant Sakhalin project to $15.8 billion from the previously approved $12 billion, the Vedomosti daily said.
A Shell spokesman in Moscow said the protocol was confidential and he would not comment on it. He said details of project costs would be discussed in February at a meeting with the Russian government.
Shell had initially asked the government to allow it to spend $22 billion. However, the government opposed the idea, saying the extra expenditure would delay the moment when the state starts getting its profits from the production sharing agreement.
Under PSA legislation, all costs can be reimbursed.
Vedomosti said Shell would spend an additional $3.6 billion on top of the approved $15.8 billion and this extra cost would not be reimbursed under the secret protocol.
Earlier this month, Shell and its partners in the project, Japan’s Mitsui and Mitsubishi, agreed to sell Gazprom half of the project for $7.45 billion.
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.
