LONDON (Thomson Financial) – Russian gas giant Gazprom said it has invested around 956 mln usd in the Sakhalin-2 project since it took control of the vast Siberian oil and gas field early this year.
Its share in the losses of Sakhalin Energy, the Gazprom-led developer of Sakhalin-2, from the date of acquisition to end-June was around 5.3 mln usd, the company said in a statement accompanying its second-quarter results.
The value of the group’s investments in Sakhalin Energy totaled 8.4 bln usd as of June, it said.
Gazprom paid 7.5 bln usd in cash to take a stake of 50 pct plus one share in the 20 bln usd Sakhalin-2 project, halving Royal Dutch Shell PLC’s interest to 27.5 pct, Mitsui & Co Ltd’s to 12.5 pct and Mitsubishi Corp’s to 10 pct.
The agreement was signed in Dec 2006 and was completed in April this year.
Sakhalin Energy raised oil production by 800,000 barrels to 12.4 mln barrels in 2007 despite the disruptions caused by bad weather that damaged some key facilities, forcing the group to start the seasonal production shutdown on Nov 25, weeks earlier than planned.
Sakhalin Energy is currently installing new equipment at Molikpaq to allow year-round oil production from next year. It has yet to produce liquefied natural gas. [email protected] mbe/ms1
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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.
