March 10, 2009: 07:12 AM ET
ALMATY, Kazakhstan -(Dow Jones)- Low oil prices and the economic crisis may cut costs of development at Kazakhstan’s largest oil field Kashagan, Royal Dutch Shell PLC’s (RDSA) general manager for the Caspian region said Tuesday.
“The economic situation and low oil prices should allow us to bring the cost down,” Campbell Keir told reporters. “But we’re continuing to invest.”
He said Shell’s annual investment in Kazakhstan was about $900 million.
“You could guess the majority goes to Kashagan,” Keir said.
Shell owns 16.8% in the Kashagan consortium that includes Kazakh state oil and gas company KazMunaiGas, ExxonMobil Corp. (XOM), ConocoPhillips (COP), Eni SpA ( E), Total SA (TOT) and Inpex Corp. (1605.TO).
Keir said the consortium still planned to get first oil at Kashagan, an offshore oil field in the Caspian Sea, in the fourth quarter of 2012.
Kashagan is expected to produce 1.5 million barrels of oil a day by 2019.
Company Web site: www.shell.com
-By Kadyr Toktogulov, Dow Jones Newswires; +7 701 726 4327, kadyr.toktogulov@ dowjones.com
(END) Dow Jones Newswires 03-10-09 0712ET Copyright (c) 2009 Dow Jones & Company, Inc.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.
