June 21, 2007: 03:37 PM EST
LONDON -(Dow Jones)- Exxon Mobil Corp. (XOM) said Thursday it expects the Russian government to continue to honor a contract on the development of hydrocarbons reserves off Russia’s Pacific coast.
Rival Royal Dutch Shell PLC (RDSB.LN) earlier this year ceded a stake in a similar project off Sakhalin Island to a Russian state-controlled gas monopoly. Also, Shell reportedly agreed to ramp up its compensation to the Russian government in a bid to salvage the multibillion-dollar venture.
“The Russian government continues to honor the contract and we are meeting the obligations,” ExxonMobil CEO Rex Tillerson said following a speech. “The expectation is that they will continue to honor the contract.”
Earlier, Sergei Stephashin, chairman of Russia’s Audit Chamber, said Russia won’t try to change the terms of the ExxonMobil-operated Sakhalin-1 project.
ExxonMobil plans to ship natural gas from Sakhalin-1 to Asia, but Russian media have reported that the gas monopoly, OAO Gazprom (GSPBEX.RS), wants the gas to satisfy demand in the domestic market in Russia’s Far East.
Russia restricts the export of its gas; ExxonMobil maintains that its Sakhalin-1 agreement, ratified by Russia’s parliament, gives it freedom over exports.
-By Devon Maylie, Dow Jones Newswires; +44 (0)20 7842 9483; devon.maylie@ dowjones.com
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.
