By Nikhil Kumar
Published: 22 November 2007
Royal Dutch Shell, the oil giant, is to make another foray into Ukraine’s lucrative oil and gas market by paying Regal Petroleum more than $400m (£195m) for a majority stake in the British company’s gas fields in the region.
Regal has been the sometime laughing stock of listed London oil and gas equities but will gain some credibility from the deal. Supporters of Regal have long argued the case for its Ukraine assets, though the legal ownership of the fields was in doubt until last year after a tortuous battle in the Kiev courts.
Shell said yesterday that it had begun an eight-week period of negotiations which should ultimately result in it buying a 51 per cent stake in the business unit of Regal Petroleum that holds the licences for the Mekhediviska-Golotvschinska and Svyrydivske gas and condensate fields in Ukraine.
Under the terms of a preliminary agreement, Shell would have to pay $50m in cash for a transfer of the share capital, following it up with $360m for the development of the two fields in the Dnieper Donetsk sedimentary basin, which it would then operate.
The deal follows the failure this month of a similar agreement between Regal and Czech-based MND Exploration and Production. The two companies had begun talks earlier this year over a deal that would have seen KKCG Oil and MND invest £330m in the development of the two gas fields, in return for a 50 per cent stake in the operation.
Shell, which signed an oil and gas exploration agreement for eight licence areas in the Dnieper Donetsk basin with Ukraine’s Ukrgazvydobuvannya in 2006, said that the growth potential in the two fields covered by its deal with Regal offered a “clear fit” with its strategy in the region.
Neil Ritson, Regal’s chief executive, said: “We look forward to working with Shell since their commercial and technical skills will greatly assist in accelerating the field development work we have already started.”
http://news.independent.co.uk/business/news/article3182378.ece
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.
