Shell raises Saudi gas project stake to 50 pct
Tue May 27, 2008 12:19pm EDT
RIYADH, May 27 (Reuters) – Royal Dutch Shell (RDSa.L: Quote, Profile, Research) has raised to 50 from 40 percent its stake in a project to explore for gas in Saudi Arabia’s vast Empty Quarter after French Total (TOTF.PA: Quote, Profile, Research) pulled out of the joint-venture.
Saudi state-oil company Aramco’s stake in the South Rub al-Khali Co (SRAK) joint-venture will rise to 50 percent from 30 percent, SRAK said in a statement on Tuesday.
“Total ventures Saudi Arabia has transferred its share in … (SRAK) to both Shell Saudi Ventures Limited and Aramco,” SRAK said in a statement, without giving financial or other details of the transfer.
“Based on this transfer of Total’s share, the South Rub Al-Khali Company Limited is now equally owned by Shell and Saudi Aramco,” it said.
Aramco and Total each held 30 percent before SRAK announced in February that Total had opted out of the plan.
The venture began exploring in 2004 for gas, condensate and natural gas liquids in nine blocks in two separate parts of the vast desert area of southeast Saudi Arabia, known in Arabic as the Rub al-Khali (Empty Quarter).
SRAK said it was drilling its fourth exploration well and plans to drill three more before end-July 2010. (Reporting by Souhail Karam)
© Thomson Reuters 2008 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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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
