Bloomberg: Kazakhstan Seeking Additional $1B From Shell, Eni
Bloomberg) — Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter.
The claim from the Central Asian nation’s government comes on top of last year’s similar-sized settlement from the Karachaganak partners. Kazakhstan has a history of disputes with international investors over revenue, taxes and cost-sharing at its energy projects.
During discussions about the 2018 settlement, the government found the need for additional compensation for revenue owed to the state by the Karachaganak partners, the people said, asking not to be identified because the talks were not public.
Shell and Kazakhstan’s Energy Ministry weren’t immediately able to comment. A spokeswoman for Eni declined to comment.
Last year’s settlement agreement came after a three-year dispute. At that time, the international companies had agreed to provide the government with a cash payment, loan and benefits from a new production contract that was estimated at the time to exceed $1.7 billion over several years.
That followed a 2012 spat, which ended with the Karachaganak partners selling part of their stakes to the state to settle a row over taxes and costs.
The Karachaganak field, from which gas and liquids production topped 425,000 barrels of oil equivalent a day in the first half of 2018, is jointly operated by Shell and Eni with a 29.25% share each. Chevron Corp. has an 18% stake, Lukoil PJSC has 13.5% and state oil company KazMunaiGaz National Co. owns 10%.
–With assistance from Kelly Gilblom.
To contact the reporter on this story:
Nariman Gizitdinov in Almaty at [email protected]
To contact the editors responsible for this story:
James Herron at [email protected]
Rakteem Katakey, Christopher Sell
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.
