By Lyubov Pronina and Greg Walters
Nov. 27 (Bloomberg) — OAO Lukoil, Russias biggest independent oil company, is in talks to buy BP Plcs stake in the Caspian Pipeline Consortium, which may clear the way for expanding the link.
The Chevron Corp.-led CPC operates Russias only foreign- owned oil-export pipeline, which carries Kazakh crude to a Black Sea port for shipment overseas. BP was blocking a decision to expand the CPC, Lukoil Chief Executive Officer Vagit Alekperov said.
We have the first right to buy their share, Alekperov told reporters in Caracas, Venezuela, late yesterday. The CPC should be expanded, he said, adding compromise is being found.
The venture plans to expand Kazakhstans main export link to world markets at a cost of at least $1.6 billion, almost doubling capacity to 1.3 million barrels of oil a day.
The proposed CPC expansion favors oil producers at the expense of midstream investors, Toby Odone, a London-based spokesman at BP, wrote today in an e-mail. BP is interested in finding a balanced solution and has made proposals to try and resolve these issues. Selling our share is amongst the options.
Ilya Pustogachev, spokesman for the Kazakh state-run energy producer KazMunaiGaz National Co., said Nov. 13 that Kazakh and Russian officials Russia have been exploring options after BP blocked the expansion.
Pipeline Owners
The U.K. energy company holds 46 percent of Lukarco BV, a joint venture with Lukoil, and 50 percent of Kazakhstan Pipeline Ventures LLC, a venture with KazMunaiGaz.
Lukarco holds 12.5 percent of the CPC and Kazakhstan Pipeline Ventures owns 1.75 percent of the venture.
Russia is the largest shareholder in the pipeline with a 31 percent stake after it bought out Oman. Kazakhstan holds 19 percent of CPC.
Chevron is the largest corporate owner with 15 percent, while Exxon Mobil Corp.and a joint venture between Russias OAO Rosneft and Royal Dutch Shell Plc each hold 7.5 percent.
An oil unit of Eni SpA, Italys largest oil company, and BG Group Plc, U.K.s third largest oil and gas producer, each hold 2 percent of CPC.
A unit of Anadarko Petroleum Corp., the second-largest independent U.S. oil producer, holds the remaining 1.75 percent of the pipeline, according to the CPCWeb site.
To contact the reporter on this story: Greg Walters in Moscow[email protected]Lyubov Pronina in Caracas via the Moscow newsroom at [email protected];
Last Updated: November 27, 2008 05:49 EST
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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.
