By Peter Taylor
Last Updated: 12:31am GMT 17/03/2008
Shell pumped far more oil than it discovered last year after its reserves were severely depleted by complications in Russia and Nigeria.
The oil giant is expected to tell investors at a presentation today that its reserve replacement ratio fell to 2005 levels, about 80pc, compared with more than 150pc in 2006.
The fall in reserve levels follows Shell’s forced divestment, at the hands of Russian regulators, of a controlling interest in the $20bn Sakhalin 2 project off Russia’s east coast. Militant attacks in Nigeria have also affected operations, hitting production to the tune of 140,000 barrels a day.
Shell is poised to cut its reserve figures for 2007 by more than 1bn barrels as a result of the complications.
The move will evoke memories of the 2004 scandal in which Shell booked reserves it did not have.
That led to the departure of three senior executives and saw Shell hit by a series of class-action lawsuits that cost the company settlement bills totalling $470m.
Shell is expected to forecast negligible production growth until 2010. Current annual production is about 1.2bn barrels.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/17/cnshell117.xml
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.
