Shell Nigeria Losing Up to 400,000 Barrels/Day Output (Update1)
By Alexander Kwiatkowski and Grant Smith
June 17 (Bloomberg) — Royal Dutch Shell Plc‘s Nigeria venture has as much as 400,000 barrels of crude a day shut in as result of attacks by militants on its facilities, an official said.
Shell Petroleum development Co. has been working to restore output since the attacks halted the production of 477,000 barrels a day in February 2006. Assaults on Shell infrastructure have continued, forcing the country to suspend export obligations for its Bonny Light blend last month.
The interruption to Bonny Light exports “will remain until we can get back some production,” Mutiu Sunmonu, Managing Director of Shell Petroleum Development Co., said at a conference in London today. Between 350,000 and 400,000 barrels a day of the venture’s production remain shut in, he said.
London-based Royal Dutch Shell Plc has a 30 percent stake in Nigerian unit Shell Petroleum Development Co. Shell’s individual share of Nigeria’s production losses amounted to 165,000 barrels a day in the first quarter, Chief Financial Officer Peter Voser said on April 29.
Sunmonu also said Shell will remain a shareholder in Ogoni land operations even though Nigerian National Petroleum Corp., also a partner in Shell’s joint venture, will become operator.
“It’s not that the block is being taken away from Shell,” he said on the sidelines of the conference. “They probably see an advantage in getting somebody else to operate it. I don’t think the structure will change.”
To contact the reporter on this story: Alexander Kwiatkowski in London at[email protected]Grant Smith in London at[email protected]Julie Ziegler in Lagos at[email protected]
Last Updated: June 17, 2008 15:24 EDT
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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.
