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Shell News Archive Monday, 27 December 2004

Shell News Archive Monday, 27 December 2004

Financial Times: Softly, softly on EU convergence, says lawyer: “Scandals such as those at Parmalat, the Italian dairy company that collapsed under €14bn ($19bn) of debt, Ahold, the Dutch retailer, and Royal Dutch/Shell’s reserves debacle have given reforms fresh impetus.(ShellNews.net) 27 Dec 04

Daily Telegraph (UK): Shell taps reserves of humour: “Jeroen van der Veer, Shell chief executive, gave a speech to staff gathered in the canteen for the Christmas lunch on Wednesday: “Enjoy Christmas and take the time to rest and build your reserves in the coming year because Shell will certainly need them.” (ShellNews.net 27 Dec 04

Finance24.com (South Africa): Shell may have to quit Nigeria: “Lagos – Even before last week’s announcement that Shell will fail to meet its Nigerian oil export contracts this month because of local unrest, the troubled Anglo-Dutch energy giant’s operations here were facing mounting pressure from critics ranging from lawmakers to guerrilla leaders.”: “The company “cannot ignore Niger Delta conflicts or its role in exacerbating these… The ‘do-nothing’ option is taken at (Shell’s) peril,” said the report, which was widely leaked to the media.” (ShellNews.net) Posted 27 Dec 04

THE LONDON TIMES: Quiz of the Year: A disgraced lord, a goddess sent to jail and oil that went missing: 13. Name the former Shell chairman who had to resign over the “missing reserves” scandal” (ShellNews.net) 27 Dec 04

BBC Monitoring Service (UK) : Kenya: “Heightened expectation” of new oil discoveries along country’s coast: “In Kenya, oil exploration has recently intensified – nearly 43 years after Royal Dutch/Shell drilled the first ever known trial wells in northern Kenya.” (ShellNews.net) 27 Dec 04

Barron’s Online: Drilling for Value: “An Interview With Kurt Wulff: “Where do you stand in the great debate on oil reserves?”: “Imagine Saudi Arabia and Russia observing the same standards as Royal Dutch Shell.” (ShellNews.net) 27 Dec 04

THE NEW YORK TIMES: Yukos Sale a Mix of Pomp, Bureaucracy (ShellNews.net) Posted 27 Dec 04

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