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Royal Dutch Shell Monday, 21 February 2005

Royal Dutch Shell Monday, 21 February 2005

THE LONDON TIMES: Morals can help to rebuild investor faith: “From Enron and WorldCom in the US to Europe’s Parmalat, trust in corporate management has been tested to breaking point. When we are no longer sure, even of the likes of Shell and other paragons of corporate virtue, what confidence can be left?” (ShellNews.net) 21 Feb 05

FINANCIAL TIMES: ONGC to sign Russian pact: “Oil and Natural Gas Corporation, India’s largest energy exploration company, will today sign a wide-ranging pact with Gazprom, the Russian oil and gas producer, allowing the two groups to bid jointly for global energy assets.”:  “ONGC has a one-fifth stake in the first stage of Sakhalin, where the Rosneft, the Russian state-owned oil company, and Exxon-Mobile are lead developers. The second stage has gone to Shell, the Anglo-Dutch group.” (ShellNews.net) 21 Feb 05

The Moscow Times: Tokyo Gas Signs Final Deal With Sakhalin-2: “Sakhalin Energy, a Royal Dutch/Shell Group venture, said it signed a final agreement to sell liquefied natural gas from its Sakhalin project off the Pacific coast to Tokyo Gas Co., Japan’s biggest natural gas distributor.”: “The Sakhalin-2 project, whose partners include Japan’s Mitsui & Co. and Mitsubishi Corp. and Royal Dutch/Shell, has reserves of some 150 million tons of oil and 500 billion cubic meters of gas” (ShellNews.net) 21 Feb 05

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