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Cost hike on Shell Iraq deal
Iraq’s gas deal with supermajor Shell, to capture and exploit associated gas from its giant southern oilfields, is expected to produce 2 billion cubic feet per day and cost $17.2 billion, according to an official agreement summary.
Aleya Begum 16 August 2011 09:38 GMT
The figures were reported by Dow Jones, who obtained a copy of the summary agreement.
The Iraqi Oil Ministry signed a final draft deal with Shell and Japan’s Mitsubishi last month, to develop gas production in a number of giant oilfields in the Basra region of southern Iraq.
Investment in the 25 year joint venture was initially announced as $12 billion.
The deal will harness associated gas from the Rumaila, West Qurna 1 and Zubair fields being developed by BP, ExxonMobil and Eni, respectively.
The controversial agreement, which has faced fierce opposition due to the Oil Ministry selecting Shell on a non-competitive basis, still needs to go to Cabinet for final approval.
Published: 16 August 2011 09:38 GMT | Last updated: 16 August 2011 09:53 GMT
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.
