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September 24th, 2005:

Militants threaten Nigerian oil stations after leader’s arrest

The Guardian (UK): Militants threaten Nigerian oil stations after leader’s arrest

“We will unleash upon the government and its cohorts violence and mayhem never before reported in the history of the Nigerian state…”

Saturday September 24, 2005

Jeevan Vasagar in Nairobi

A separatist militia threatening to spread “violence and mayhem” throughout Nigeria’s oil-producing delta has forced the closure of two oil installations and the evacuation of dozens of workers.

The US firm Chevron shut down a station pumping 19,000 barrels a day yesterday after being warned of an “imminent threat” from armed militants.

A day earlier more than 100 fighters stormed another Chevron oil platform, disarming government security personnel and shutting down the facility, which pumped around 8,000 barrels a day. Shell, which produces about half the oil from Nigeria, withdrew 50 workers from three facilities on Thursday, but output was maintained by a skeleton staff. The unrest adds to pressure on oil prices, already approaching historic highs because of Hurricane Katrina in the US. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Fidelity shows Shell how giants can care for small investors

Daily Telegraph: Fidelity shows Shell how giants can care for small investors

“Any complacency about rising standards in the City would, however, be misplaced. Shell’s half-hearted climbdown this week demonstrates that many boardroom fat cats continue to regard individual shareholders with disdain.”

(Filed: 24/09/2005)

By Ian Cowie, Personal Finance Editor

Small investors are often treated shabbily by big institutions but, as our award-winning consumer champion Jessica Gorst-Williams observes, “sometimes the power of the press can help.” Her painstaking work reminds us that there is more to journalism than persecuting drug-addled pop stars and their model girlfriends.

Any complacency about rising standards in the City would, however, be misplaced. Shell’s half-hearted climbdown this week demonstrates that many boardroom fat cats continue to regard individual shareholders with disdain. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Shell finally does the decent thing

Daily Telegraph: Shell finally does the decent thing

“Shell performed an embarrassing U-turn this week and offered new tax-free merger terms to British investors in Royal Dutch Petroleum who were refusing to agree to the unification with Shell Transport & Trading. However, Shell is risking the wrath of British shareholders in Royal Dutch who accepted the terms of the deal”: (Filed: 24/09/2005)

The petroleum giant finally does the decent thing over punitive merger terms, reports Christopher Hope

Shell performed an embarrassing U-turn this week and offered new tax-free merger terms to British investors in Royal Dutch Petroleum who were refusing to agree to the unification with Shell Transport & Trading.

However, Shell is risking the wrath of British shareholders in Royal Dutch who accepted the terms of the deal and have been left with a multi-million pound tax bill. Shell said it believed it was not “appropriate” to compensate them. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Qatar to Fund Development Spree With $110 Billion in Financing

The Wall Street Journal: Qatar to Fund Development Spree With $110 Billion in Financing

“Qatar has already fostered a booming liquefied-natural-gas industry, benefiting from soaring global demand to draw in well-heeled investment partners like Royal Dutch Shell PLC”

Saturday 24 September 2005

By CHIP CUMMINS
Staff Reporter of THE WALL STREET JOURNAL
September 24, 2005

Qatar, a small but energy-rich Persian Gulf state, is offering up to $110 billion of project-financing opportunities to help fund a major development spree, including about $50 billion dedicated to oil and natural-gas projects.

Sheikh Mohammed bin Ahmed bin Jassim al-Thani, Qatar’s economy and commerce minister, is expected to unveil the package at an International Monetary Fund and World Bank meeting in Washington Saturday. The spending frenzy comes as petrodollars swell state coffers of big oil and gas producers around the world, encouraging policy makers in places like Qatar to expand their energy industries and diversify their economies while times are good. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

TNT launches tax probe

Financial Times: TNT launches tax probe

“The Netherlands has seen its share of accounting scandals, notably the reserves crisis at Royal Dutch Shell and a near-€1bn fraud at Ahold, the grocery group, which led to criminal charges against senior management.”

Saturday 24 Sept 2005

By Ian Bickerton in Amsterdam
Published: September 24 2005

TNT has launched an independent investigation into suspected “illegal acts” related to tax matters at a number of subsidiaries, fuelling concerns that the Dutch post and logistics company could face up to €400m ($480m) in fiscal claims.

Shares opened more than 8 per cent lower – stripping more than €800m from TNT’s market capitalisation – after it said the affair might damage its results and its financial position. read more

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
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