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Posts on ‘December 28th, 2009’

Maryland State Retirement and Pension System drops Shell holdings over Iran

Pensions&Investments

Md. drops Shell holdings over Iran

December 28, 2009, 12:01 AM ET

Maryland State Retirement and Pension System, Baltimore, divested more than 1 million shares of common stock valued at more than $38.3 million and $3.5 million in bonds of Royal Dutch Shell and its affiliates because the company does business in Iran, the $31.8 billion system announced earlier this month.

The action is the result of a state law enacted last year that requires the system to consider divesting investments in companies that do business in Iran or Sudan and have no plans to cut those operations. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell dilemma over Iraq Iran oil well stand off

By John Donovan

Extracts from a current Reuters report

Iraqi and Iranian forces are dug in on either side of a disputed inactive oil well in the sensitive border area, with Iraqis vowing to fight if necessary to fend off another occupation of the well by Iranian soldiers.

The seizure of the well, which Iraq says is part of its Fakka oilfield in southeast Maysan province, triggered protests from the government in Baghdad and caused a rise in prices on jittery world oil markets.

The Iranian forces have since pulled back, but Iraq says they are still on its territory, stirring echoes of the border dispute that led to the eight-year Iran-Iraq war in the 1980s, in which about 1 million people died. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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