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Posts on ‘April 15th, 2007’

The Washington Post: Big Oil bids for giant UAE gas project

By Simon Webb
Reuters
Sunday, April 15, 2007; 1:10 PM

DUBAI (Reuters) – At least five international energy companies submitted bids on Sunday for a giant sour gas project in the United Arab Emirates that could be have a price tag as high as $10 billion.

The project is one of the largest open to oil and gas companies competing for limited access to the Middle East’s energy reserves. Saudi Arabia keeps the world’s biggest oil reserves closed to international firms, while gas exporter Qatar has a moratorium on new projects. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

RobertAmsterdam.com: Study: A Future Role of Foreign Firms in Russia’s Strategic Industries

By International Lawyer, Robert Amsterdam

I came across this interesting 43-page paper prepared by the Finnish academic Kari Liuhto for the Pan-European Institute of the Turku School of Economics which examines the development of Russia’s policy for strategic resources and outlines the changing role for foreign participation.

Here is the introduction:

A Future Role of Foreign Firms in Russia’s Strategic Industries – Introduction
by Kari Liuhto

The Russian economy has expanded with exceptional speed during the past eight years. The average annual GDP growth during these years has been around six per cent. Private consumption has increased even faster, reaching double digit figures annually. The long economic growth in a populous market with more than 140 million consumers has started a genuine foreign investment boom. The annual foreign investment inflow to Russia has multiplied compared with the situation in the first half of the 1990s. During the period 19901995, the average foreign direct investment (FDI) inflow was slightly over one billion US dollars per annum (UN, 2002), whereas in 2005 the FDI inflow was nearly 15 times higher. Despite such a sharp increase, one should not forget that Russia’s inward FDI stock is still less than USD 150 billion, i.e. it is less than 10 per cent of the US stock (UN, 2006). read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Moscow Times: PwC Loses Contract For Sakhalin-2 Audit

Monday, April 16, 2007. Issue 3637. Page 7.
Reuters

The $22 billion Sakhalin-2 oil and gas project, taken over last year by Gazprom, has dropped PricewaterhouseCoopers as its auditor, the Industry and Energy Ministry said in a report obtained Friday.

Gazprom said earlier this week that it had kept PwC on as its own auditor, a vote of confidence after the “big four” accounting firm lost its job as auditor to carmaker AvtoVAZ and ran into trouble working for the now-bankrupt oil firm Yukos. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

PR Newswire (US): Student Team Achieves More than 1900 Miles Per Gallon at the First Shell Eco-marathon(TM) Americas

Published: Apr 15, 2007

HOUSTON, April 14 /PRNewswire/ — Students from the across the U.S. and Canada competed today at the first Shell Eco-marathon(TM) Americas. Shell challenged the engineering students to drive their vehicles the farthest distance using the least amount of fuel, either conventional or alternative. While all of the teams accomplished impressive fuel economy figures, team Cal Poly San Luis Obispo won the challenge with an astonishing 1902.7 miles per gallon.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070414/CLSA017-a http://www.newscom.com/cgi-bin/prnh/20070414/CLSA017-b ) read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

The Sunday Times: Hambro’s Russian gold

EXTRACT: Its shares yo-yoed last year after a spat with the same government-run environmental authorities that chased Shell around Russia.

April 15, 2007
The Andrew Davidson Interview

Peter Hambro has made a fortune mining in Russia. But with his sons running spin-off companies, is he creating a new family dynasty?

IT is small and oblong, about the size of a key fob, and shiny like those foil-wrapped chocolates at Christmas. Only the heavy weight of it catches you by surprise. Pressed into the metal at the top are the words Credit Suisse. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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