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Shell News Archive Monday 14 November 2005

From our Shell News Archive Monday 14 November 2005

Daily Telegraph: Shell urged to help pay investors’ tax bills: “Lord Oxburgh of Liverpool, the former chairman of Shell, has called on the oil and gas giant to compensate British investors left with a multi-million pound tax bill from its restructuring.”: The vast majority of the 3,000 Royal Dutch holders accepted the deal after Jeroen van der Veer, Shell’s chief executive, warned his “toolbox” to help them was empty. But a small minority held out and were rewarded in late September when Shell offered a tax-efficient loan note alternative. The shareholders who originally accepted – and have been left with a large tax bill – are now considering legal action against Shell.”: Monday 14 November 2005: READ

Financial Times: Shell faces delay on Nigeria gas project: “Royal Dutch Shell, Europe’s second biggest energy group, and its partners in Nigeria’s largest liquefied natural gas project face delays that could cost them more than $1.2bn, a draft of the project’s five-year strategic plan warns.”: Monday 14 November 2005: READ

The Guardian: Shell is forcing us out of work, say forecourt owners: Monday 14 November 2005: READ

Irish Times: Complaint made to EU over safety of Corrib gas project: “Meanwhile, a large mural marking the 10th anniversary of the execution in Nigeria of writer Ken Saro-Wiwa and eight colleagues was unveiled outside the Corrib terminal site at Bellanaboy on Saturday. The leader of the Ogoni people was hanged over opposition to Shell’s activities.”: Monday Nov 14, 2005: READ

Financial Times: SEC widens Nigeria bribery probe with Shell subpoena: Posted Monday 14 November 2005: READ

The Wall Street Journal: Some Big Oil Firms See Effective Tax Rates Fall”: Royal Dutch Shell PLC’s tax rate fell to 37% in the third quarter from 41%…”: “A Shell spokesman said the company wouldn’t discuss why its tax rate changed because the information was “commercially sensitive.”: Monday 14 November 2005: READ

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