Friday, April 27, 2007. Issue 3646. Page 5.
Bloomberg
LONDON — Shell and its Japanese partners will make annual payments to the government as part of an agreement that brought Gazprom into their Sakhalin-2 oil and natural gas project, a Shell spokesman said Thursday.
“There have been minor adjustments to fiscal terms while keeping the [production sharing agreement] intact,” Shell spokesman Adam Newton said in London.
The changes “give the Russian government more access to revenues when oil and gas prices are higher and take the Russian government’s view on cost-recovery allowances.”
Gazprom paid $7.45 billion to Shell, Mitsui and Mitsubishi to acquire 50 percent plus one share of the project. The PSA, which governs the ownership structure and the extent to which costs can be recouped before the government gets a share of revenue, was altered in negotiations that culminated in the April 18 transaction.
Russia gained control of the Shell-led project in a Dec. 21 agreement.
Shell refused to disclose the exact terms of the dividend payment, saying only that “there has been no material impact to the value of Sakhalin-2 as a result of the negotiations.” Shell also would not define what constituted a nonmaterial sum.
Peter Hitchens, an equity analyst who covers Shell for Kepler Teathers & Greenwood Merrion in London, said: “For Shell, about $100 million or less would be nonmaterial.”
http://www.themoscowtimes.com/stories/2007/04/27/041.html
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.
