A WALL STREET JOURNAL NEWS ROUNDUP
June 26, 2007
India’s state-run Oil & Natural Gas Corp.’s fiscal fourth-quarter net profit fell 13% on charges and higher mandatory discounts to refiners.
ONGC said it will invest more than $26 billion in the next five years to boost oil and gas production at home and overseas and that it was in talks with Chevron Corp., Total SA and Royal Dutch Shell PLC to enter into equity-sharing pacts for oil blocks. ONGC proposes to swap equity in its blocks, both onshore and offshore, for blocks overseas.
For the quarter ended March 31, the company reported net profit of 26.82 billion rupees ($661.1 million), compared with 30.86 billion rupees a year earlier.
The latest quarter included 11 billion rupees in expenses for employee retirement and medical benefits. ONGC, which produces nearly 80% of India’s crude oil, is required by the government to sell oil and gas from its domestic output to state-run refiners at heavy discounts to keep retail fuel prices low. The company said its subsidy rose 42% to 170.24 billion rupees for the fiscal year.
ONGC said it will spend $16 billion on capital expenditures in India. The funds will used to increase crude-oil production, Chairman R.S. Sharma said. ONGC’s overseas-investment arm plans to spend 420 billion rupees to buy more overseas oil and gas assets and expand their production capacity.
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.
