Tue Feb 23, 2010 10:11am GMT
* Bill could drive $50 billion in investment elsewhere
* Angolan offshore output to double Nigeria’s
ABUJA, Feb 23 (Reuters) – Nigeria’s proposed oil industry reforms could drive away $50 billion in investment if passed in their current form and make a bad situation for the sector even worse, Royal Dutch Shell (RDSa.L) said on Tuesday.
Oil majors say the terms proposed in the Petroleum Industry Bill (PIB) will make it hard for them to develop new resources in deep offshore waters as well as to run current operations.
“The PIB threatens to make a bad situation worse … If passed in its current form it will take years to correct its mistakes,” Shell’s Executive Vice President for sub-Saharan Africa, Ann Pickard, told an industry conference in Abuja.
She said she expected Nigerian offshore oil production to increase to about 1.5 million barrels per day by 2015, but that by 2020, Angola’s offshore oil production would more than double that of Nigeria.
The countries rival each other as Africa’s top oil producer.
(For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Joe Brock and Nick Tattersall; Editing by Matthew Tostevin)
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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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