Dec. 06, 2007
The net profit of Russia’s gas monopoly, Gazprom lowered 25 percent in the second quarter under the International Accounting Standards. The half-year decline was 2.6 percent. The analysts say that exactly the H1 performance is significant for the annual results but caution Gazprom against further surge in the costs. The investors don’t appear agitated either; the stocks of Gazprom grew 4.6 percent to 4.9 percent yesterday on Russia’s exchanges.
Under the accounting report of Gazprom, its net profit shed 25 percent to 102.9 billion rubles in the second quarter of this year. The half-year decline wasn’t so material – 2.6 percent to 313.2 billion rubles. At the same time, Gazprom revenues grew 5 percent both in the second quarter and in the first half of the year.
People in Gazprom blame the slow growth in revenues on warm weather and decline in the gas sales. From January to June, Gazprom sold to Europe 5.5 billion cu meters of gas less than a year earlier, and the sales to CIS narrowed by 0.7 billion cu meters. At the same time, the costs were skyrocketing. Operating costs soared 15 percent on year in the first half of 2007.
The cost of the Asian raw that Gazprom resells grew 44 percent, the salaries of employees were hiked by 19 percent. The amount of funds appropriated for material acquisition stepped up by nearly 8 billion rubles, the amount spent for repair and maintenance increased by 6 billion rubles. Gazprom is also actively investing in its key gas projects. The investments in Sakhalin-2 operator, Sakhalin Energy Investment Company Ltd, reached $956 billion, according to the report.
www.kommersant.com
http://www.kommersant.com/p833201/r_529/Gazprom_decline/
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.
