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Shell News Archive Saturday 25 December 2004

Shell News Archive Saturday 25 December 2004

ThisDayOnline.com (Nigeria): Shell Undergoes Major Re-organisation To expand gas supply to NLNG: “Oil giant, Shell Petroleum Development Company (SPDC) has commenced the long-awaited re-organisation, from which the company said, would emerge a new structure from January 1, 2005.” (ShellNews.net) 25 Dec 04

THE NEW YORK TIMES: The Strange Yukos Sale: “Nobody argues that Yukos, a product of the piratical privatizations of the early 1990’s, is an innocent victim. Russia certainly can choose to nationalize the industry. But reversing a piratical privatization through a piratical nationalization only confirms that doing business in Russia remains highly risky.” (ShellNews.net) 25 Dec 04

THE NEW YORK TIMES: Firms Show Oil – For – Food Probe’s Challenges: “The difficulty of finding out who paid kickbacks in the U.N. oil-for-food program is illustrated by two Liechtenstein-based firms, Alcon Petroleum and Fenar Petroleum. Both were set up late in the program — Alcon in 2000, Fenar in 1999 — and almost immediately landed huge contracts to buy oil from Iraq.”: “…major global oil companies which operated only in the early years of the 1996-2003 oil-for-food program bought much less. Shell Oil Corp., for example, took just 0.16 percent ($101 million worth), and BP PLC 0.10 percent ($62 million).” (ShellNews.net) 25 Dec 04

THE TIMES: Who was your business figure of 2004? Times Online gives you the chance to vote for the figure you believe made the biggest impact on business in 2004: “BILL GAMMELL – inspired oilman at Cairn Energy”: “…there is no doubt that it has been the stock of 2004 on the London market, with the scale of the Scottish company’s achievements in buying cheaply under-rated fields in India and making Shell look silly has been one of the business stories of the year.” (ShellNews.net) 25 Dec 04

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