Dec. 6, 2007:
By Maria Golovnina
ASTANA (Reuters) – Kazakhstan will exercise its right to intervene in natural resources projects if one of the investors tries to sell out, Kazakh Prime Minister Karim Masimov said on Thursday.
Kazakhstan is locked in a row with the Eni-led
Speaking at a business conference in Astana, Masimov stressed Kazakhstan’s commitment to the continuity of existing contracts in the natural resources sector.
“But if an investor has broken a contract, the government has the right to review (the contract). Also, if an investor is selling its natural resource business, then the government has the right to intervene in this case,” he said.
“We are holding talks on Kashagan. I hope that this question will be settled soon,” he added, without specifying in what way the government might intervene.
Kazakhstan has passed legislation this year that allows the government to change or break contracts with natural resources companies if it sees a threat to national security.
Kazakhstan wants the Kashagan consortium members to reduce their shareholdings and significantly raise state oil company KazMunaiGas’s 8.3 percent interest. Kazakhstan’s energy minister said this week that Exxon was against the plan.
The U.S. oil company, which has an 18.52 percent stake in Kashagan, has not commented on the matter and the mechanism of the proposal remains unclear.
Other Kashagan members are Eni, Royal Dutch Shell
Kazakhstan has accused the consortium of a host of violations, including ecological, and blamed its management for allowing costs to spiral and delaying the start of production.
The Caspian Sea field is at the heart of Kazakhstan’s ambition to triple oil output by 2017. It is now due to start pumping oil in 2010, instead of the original 2005 target.
(Editing by Tomasz Janowski)
(c) Reuters 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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