01 Aug 2007 bbj.huEni, the Italian operator of the development project at the Kashagan oil deposit, has demanded that the budget for the project be raised from $57 billion to $136 billion.
Kazakh authorities are willing to do that only under the condition that the product sharing agreement be reexamined and their share in the profit from the oil be raised from 10% to 40%. Shell made similar demands of Russian authorities in negotiations over the Sakhalin2 project at one time, leading eventually to control over it being transferred to Gazprom.
Kazakh Prime Minister Karim Masimov stated yesterday that the government will reconsider its contract with Eni after the launch date for production at the huge Kashagan deposit was moved from the H2 of 2008 to the H2 of 2010. That change was announced at the beginning of the year, but this is the first time it has been officially acknowledged by the Kazakh government. Production was originally supposed to begin in 2005. The consortium has already paid $150 million in fines, but this time the Kazakh government will demand changes to the profit sharing agreement.
The Kashagan deposit has over 1 billion tons of recoverable reserves. The operator of the project is Agip KCO, in which Eni, Total, ExxonMobil and Shell each have 18.52% shares, ConocoPhillips has 9.26% and Kazmunaigaz and Inpex have 8.33% each.
Kazakh Minister of Natural Resources Bakhtykozha Izmukhambetov stated that the proposal to raise the expenditures for the project to $136 billion would be discussed at the monthly negotiations over the project on August 6. The operator explains the need for the money as the difficult geological conditions at the offshore deposit. (kommersant.com)
http://www.bbj.hu/main/news_29539_sakhalin+syndrome+hits+the+caspian.html
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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.
