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Posts on ‘October 26th, 2012’

Shell Seeks Approval To Work Around Iran Sanctions Via Barter

The proposed offset agreement creates a tricky dilemma for Britain and the United States, two of the six countries that are in negotiations with Iran to persuade it to step back from a nuclear programme they suspect is developing atomic weapons.

(Reuters) – Oil major Royal Dutch/Shell is seeking to work around international sanctions by repaying a $1.4 billion oil debt to Iran with a grain barter deal via U.S. agribusiness giant Cargill, industry sources said.

Shell wants to repay a debt that is growing larger because of unpaid interest, having failed to settle its accounts with the National Iranian Oil Company (NIOC) ahead of a European Union embargo on oil imports that started on July 1.

It is hoping to get clearance from U.S., UK and Dutch authorities – who will be under pressure to agree on humanitarian grounds – for an “offset agreement” that would permit it to fund Cargill to deliver enough grain to Tehran to clear the debt. 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.

Nigeria: Shell Donates U.S.$1 Million to Flood Relief Fund

By Juliet Alohan, 26 October 2012

In a bid to help alleviate the plight of flood victims, Shell Petroleum Development Company of Nigeria (SPDC) has donated $1 million towards relief efforts in support of flood displaced persons in 24 states across the country.

The cash donation, according to a statement yesterday by the company’s spokesperson, Tony Okonedo, is part of Shell’s support programme to the international federation of the Red Cross and Red Crescent, in conjunction with the Nigerian Red Cross Society, towards effective post flood disaster relief operations in Nigeria. 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.

Lies about Shell safety record on Corrib Gas Project?

Hi John,

I saw that you posted up the “Mayo Today” article entitled “Corrib safety clock hits three million hours mark”.

In the article Shell claim:

“The record was reached on October 4 and the workscope covered included all onshore pipeline and terminal activities, plus all offshore work managed out of Erris. This represented an incredible 833 days without a safety incident leading to a staff member or contractor having to take time off work due to injury – stretching back to June 24, 2010.” 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.

Nigeria loses billions in oil, gas theft

Nigeria is losing $1 billion a month to oil theft while fraudulent natural gas deals with international companies cost the country $29 billion over the past decade.

Published: Oct. 25, 2012 at 12:19 PM

LAGOS, Nigeria, Oct. 25 (UPI) — Nigeria is losing an estimated $1 billion a month to oil theft while fraudulent natural gas deals with international oil companies have cost the West African country $29 billion over the past decade, official reports say.

“The world is in the midst of a sustained oil boom. Yet Africa’s leading producer is hemorrhaging the proceeds,” the Financial Times observed Monday.

“The Nigerian treasury, which should be raking in record revenues, has been squeezed at both ends of the oil trade — upstream, by one of the biggest frauds in Nigerian history related to a fuel subsidy bill worth upward of $16 billion in 2011, and downstream, by the theft of oil of an industrial scale at source.” 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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