OIL & GAS JOURNAL
Sakhalin-2 loan secured; year-round flow to begin
Eric Watkins
Senior Correspondent
LOS ANGELES, June 5 — The Japan Bank for International Cooperation (JBIC) and four private-sector banks are finalizing plans to provide a $5.3 billion loan for the Sakhalin-2 oil and natural gas development project.
Japan’s Nikkei newspaper reported that JBIC will lend about $3.7 billion, with Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp., and BNP Paribas providing the remaining $1.6 billion.
The financial institutions are scheduled to sign a lending agreement with Russia’s OAO Gazprom as early as June 15. Gazprom partners, Royal Dutch Shell PLC, Mitsui & Co., and Mitsubishi Corp. have already committed about $15 billion to the project.
JBIC and the three major Japanese banks plan to offer financing for the project to support efforts by Japan’s public and private sectors to obtain a stable source of energy, the paper said.
The financing announcement followed reports last month that year-round production will begin from the Sakhalin-2 project this summer.
“The current plan is to start year-round production in the second half of 2008, after commissioning and testing of the pipeline has finished,” said Ivan Chernyakovsky, a spokesman for the consortium.
Oil will then be transported along the 800-km pipeline to an ice-free export terminal on Sakhalin Island’s southern tip. The project produces 80,000 b/d of oil.
Contact Eric Watkins at [email protected].
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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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