By GEOFFREY T. SMITH
January 15, 2007
OAO Lukoil Holdings, Russia’s largest oil producer by volume, said its net profit rose 10% in the third quarter to $2.43 billion because of higher average crude-oil prices.
The company said higher taxes had somewhat offset the higher oil price. The average price for Lukoil’s Urals blend of crude in the period was 15% higher than a year earlier.
Deputy Chief Executive Leonid Fedun also said that Lukoil isn’t in talks with Royal Dutch Shell PLC about the U.K. oil company’s French refinery assets. Shell has said it is considering selling its French refining assets as part of an “ongoing strategic review” to streamline and concentrate its downstream assets.
Lukoil’s key operating-profit figure — earnings before interest taxes, depreciation and amortization — rose 10% to $3.71 billion from $3.36 billion a year earlier. Revenue, including excises and export tariffs, grew 13% to $18.25 billion.
Operating expenses rose 27% to $1.12 billion. The company paid an average $3.21 to produce a barrel of oil equivalent during the quarter, a 20% increase.
In 2006, Lukoil’s oil output rose 5.7% to 92.5 million metric tons, the equivalent of 1.912 million barrels a day, from 87.5 million tons in 2005.
Write to Geoffrey T. Smith at [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: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
