THE WALL STREET JOURNAL
JANUARY 17, 2010. 8:50 A.M. ET
By Hassan Hafidh
Of DOW JONES NEWSWIRES
AMMAN (Dow Jones)–A consortium made up of Royal Dutch Shell PLC (RDSA) and Malaysia’s Petronas finalized in Baghdad Sunday an agreement to develop southern Iraq’s supergiant Majnoon oil field, having won the contract in the country’s historic second oil-field auction held in December.
Shell has the biggest stake in the venture with 60% while Petronas holds the remaining 40%. The consortium proposed to receive a fee of just $1.39 a barrel and pledged to increase production to 1.8 million barrels a day from the field which holds some 12.8 billion barrels of proven oil reserves.
A consortium of France’s Total SA (TOT) and China National Petroleum Corp. also submitted a bid for the Majnoon, which means crazy in Arabic, but lost out because they offered a fee of $1.75 a barrel and suggested a production plateau of 1.405 million barrels a day.
Shell also partnered with ExxonMobil to win a deal to develop the prized West Qurna Phase 1 oil field in southern Iraq following the country’s first bidding round held in June. ExxonMobil which holds the bulk of stakes in the field will meet with Iraqi oil ministry officials on Monday to discuss changes made to the original text of the contract which it initialed with Iraq last year. If things go all to plan, the ExxonMobil group will finalize the deal soon, officials said.
Shell is also waiting for final Iraqi government approval of a natural gas deal to extract gas from southern Iraqi fields. In this deal Shell s partnered with Japan’s Mitsubishi.
-By Hassan Hafidh; Dow Jones Newswires; + 962 799 831 831; [email protected]
Copyright (c) 2010 Dow Jones & Co.
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.
