Published: Sep 13, 2007
MILAN (Thomson Financial) – The Kazakh parliament is studying legislation that would give the government the right to nationalise oil fields managed by foreign companies, the Italian daily Il Sole 24 Ore said citing a draft of the bill.
The amendment to the country’s legislation on natural resources would enable the government to annul two to six month-long contracts if there has been a significant change in circumstances that affects the country’s interests, and if no alteration is made to the terms of the deal, the newspaper said.
The daily cited Elan Nigmatulin, a member of the lower house of parliament that drafted the amendment, as saying the bill is inspired by Russian, US and Bolivian legislation.
The law, which will be retroactive, is already being examined in the lower house. If approved by the house it will be examined by the senate.
The Kazakh government is currently in talks with Eni SpA regarding a dispute over the Kashagan oilfield, where Italian oil company leads a consortium developing the field in the north of the Caspian Sea.
Kazakhstan has complained about the delays regarding the exploitation of the giant oilfield, which was initially due to start operations in 2005 and has been delayed to 2010.
If the amended legislation on natural resources was in place the Kashagan dispute would already be resolved, according to Nigmatulin.
The government has set a Oct 22 to reach a settlement for the Kashgan dispute.
The shareholders of the consortium are Eni, Total, Royal Dutch Shell and ExxonMobil, with 18.52 pct each, while ConocoPhillips has a 9.26 pct stake, Kazmunaigaz 8.33 pct and Inpex 8.33 pct. [email protected] pw/ejp
Copyright AFX News Limited 2007. All rights reserved.
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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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