Tue Dec 25, 2007 8:07am GMT
ASTANA, Dec 25 (Reuters) – Kazakh Energy Minister Sauat Mynbayev said on Tuesday his country was seeking a 16.8 percent stake in the giant Kashagan oilfield, confirming earlier plans to get a stake equal to those of the projects’ largest participants.
The Central Asian state is seeking a cash payment and a stake increase as compensation for cost overruns and delay in the start of production at the world’s biggest oil find in the last 30 years.
“We hope to increase Kazakhstan’s stake to 16.8 percent,” Munbayev told reporters.
Such a stake would equal those of four largest participants – Eni (ENI.MI: Quote, Profile, Research), Royal Dutch Shell (RDSa.L: Quote, Profile, Research), Exxon Mobil (XOM.N: Quote, Profile, Research) and Total (TOTF.PA: Quote, Profile, Research) after a pro-rata cut in favour of Kazakh state company KazMunaigas by all other consortium members. Each of the four has 18.52 percent at the moment.
KazMunaiGas [KMG.UL], which currently holds 8.33 percent, has earlier said it was aiming for such redistribution. Two other participants in the project are ConocoPhillips (COP.N: Quote, Profile, Research) with 9.26 percent and Japan’s Inpex (1605.T: Quote, Profile, Research) with 8.33 percent.
Mynbayev also confirmed Exxon was the only company opposing the scheme. Exxon has said it was not against cutting its stake, but the sides had yet to agree on its value.
Negotiations are set to continue until Jan. 15.
“We know what price we are offering and what price they (foreign companies) would agree to,” Mynbayev said. (Reporting by Raushan Nurshayeva; writing by Olzhas Auyezov; Editing by Tomasz Janowski)
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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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