By: MARK STEEL Published: Nov 29, 2006 They must be bemused in Chechnya. Because they had about 50,000 people blown up by Putin and no one gave a toss. They probably made countless attempts to interest politicians and reporters from the West, who said: “Hmm, you’ve had your hospital destroyed by a tank, have you? [...]
Posts from ‘November, 2006’
Financial Times: Sakhalin II project problems may be temporary but they are still inexcusable
By Doug Norlen: Published: November 29 2006 02:00 | Last updated: November 29 2006 02:00 From Mr Doug Norlen. Sir, Arkady Ostrovsky’s article “Out on a limb” (November 23), on the controversy-plagued Sakhalin II oil and gas project in Russia, quotes Ian Craig, chief executive of Sakhalin Energy, as claiming that environmental problems are temporary. [...]
The Times: Commission plans massive cartel fine: ‘Shell’s fine, as well as ENI’s, was increased because it was a repeat offender’
November 29, 2006 The European Commission is expected to impose today its second-largest cartel fine against Shell, Dow Chemical, ENI, Unipetrol and Trade-Stomil. It is not yet clear the level of the fines to be levied on the oil and chemical firms for fixing prices of synthetic rubber, used mainly in tyre production. [...]
Reuters: EU to set second-highest fine on rubber cartel: *Shell a repeat offender again
EXTRACT: Shell’s fine, as well as Eni’s, was increased from what it would have been under the Commission’s normal calculations because it was a repeat offender. The Commission slapped a 108 million-euro fine on Shell in September for fixing prices of bitumen in the Netherlands. It also fined 13 other firms. THE ARTICLE Tue Nov [...]
Bloomberg: Royal Dutch Shell Sakhalin II extract
Royal Dutch Shell Plc (RDSA LN): Russia’s Natural Resources Ministry environmental oversight board Rosprirodnadzor finished a probe into the Shell led Sakhalin-2 project, International Oil Daily reported citing an unidentified agency representative. To contact the reporter for this story: Scott Hamilton in London at Shamilton8@bloomberg.net
Houston Chonicle: Russia gains confidence, but Shell is hanging on: Gazprom pushes for a bigger stake in energy project
By ALEX LAWLER Reuters News Service LONDON – Royal Dutch Shell is “hanging on in there,” according to a company source, as Russia squeezes its $22 billion Sakhalin-2 oil and gas project over cost overruns, environmental violations and to secure a stake for state firm Gazprom. Sakhalin-2 on the Pacific island of Sakhalin, north of [...]
REGNUM: Oleg Mitvol: Russia pays in oil for approvals of Sakhalin 2 project
“If we manage to resolve the problem of the 529 rivers whose ecology has been damaged by the Sakhalin 2 project and a number of other vital problems of Sakhalin, they may depict us in whatever way they like. ‘Do what you can and come what may.’ Ask questions to those people who looked at [...]
MarketWatch: Sakhalin-2 full environment report due mid-December – regulator
Last Update: 5:21 PM ET Nov 28, 2006 LONDON (MarketWatch) — Russian environmental regulator Oleg Mitvol said Tuesday he expects to complete in mid-December a full report on alleged environmental damages by Sakhalin Energy Ltd. Mitvol, the deputy head of the Russian Natural Resources Ministry’s environmental watchdog, has already threatened to pull the environmental license [...]
The Moscow Times: Mitsui May Sell Some Sakhalin Shares
Wednesday, November 29, 2006. Issue 3550. Page 5. By Miriam Elder Staff Writer Mitsui is close to selling part of its stake in the Sakhalin-2 oil and gas project to Gazprom, the Japanese company’s president said Tuesday. Talks may “soon” be concluded, Shoei Utsuda said in an interview with Bloomberg in Tokyo. He failed to [...]
THE WALL STREET JOURNAL: Oil News Roundup: November 28, 2006 3:40 p.m.
Crude-oil futures jumped to nearly $61 a barrel on the New York Mercantile Exchange on forecasts of colder weather and uncertainty ahead of an OPEC meeting. Rising sectarian violence in Iraq, along with weakness in the dollar, added to the bullish sentiment that emerged as traders returned from the four-day Thanksgiving holiday on Monday. Here [...]
The Guardian: Poisoning puts business with Russia under a cloud
· Investor trust put at risk after Litvinenko death · Kremlin ‘more concerned about asserting its power’ Terry Macalister Wednesday November 29, 2006 The poisoning in London of a former KGB officer, Alexander Litvinenko, will damage investor confidence in Russia, the primary trade association representing those doing business between Britain and Russia warned yesterday. The [...]
Itar-Tass: Findings of Sakhalin-2 checks on way to ministry, prosecutors
28.11.2006, 13.09 MOSCOW, November 28 (Itar-Tass) – The Russian Federal Service for Supervision of Natural Resources (Rosprirodnadzor) has finished checks of compliance with environment legislation by Sakhalin Energy, an operator of the Sakhalin-2 project. A source in the service told ITAR-TASS on Tuesday that “these materials are being turned over to the Ministry of [...]
REGNUM: Oleg Mitvol: The court is ashamed of canceling positive ecological report on Sakhalin 2 project
The ecological impacts of the Sakhalin 2 project were first mentioned in the second half of 2006 after 2-3 years of constant warning by ecologists, says the deputy head of the Rosprirodnadzor (Ecological Control Department) Oleg Mitvol said at the online conference at REGNUM on Nov 27. “In June 2006 we began receiving specific reports [...]
Russia-ic.com: Sakhalin II project checking is over
28.11.2006 The federal service for supervision of natural resource usage finished Sakhalin II project checking. Following the results of the conducted inspection the decision of whether the project operator Sakhalin Energy will be able to keep its production license or not. Additionally the size of penalty charge for violation of environmental legislation will be defined. [...]
Reuters: Shell to inspect damaged Nigerian oil facilities
28 Nov 2006 12:15:08 GMT Nigeria violence More By Tom Ashby LAGOS, Nov 28 (Reuters) – Royal Dutch Shell will soon take a first step to resuming 500,000 barrels per day of Nigerian oil output by sending inspectors to assess pollution and damage to facilities in the western Niger Delta, company sources said on Tuesday. [...]


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