PetroChina, Asia's top oil and gas producer and China's second-largest refinery, will own 51 percent in the proposed joint venture, while Shell and Qatar will each own 24.5 percent, said Shell and CNPC, parent of PetroChina.
June 24th, 2008:
Qatar, Shell to build China oil, petchem complex
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Oil continues to rise as Nigerian rebels attack Shell platform 120 miles offshore
Exacerbating the situation is Nigeria, where armed rebels opened a new front in their campaign against foreign oil companies last week by attacking a Royal Dutch Shell platform 120 miles of the coast. Deepwater platforms have generally been viewed as safe from attack, given their distance from the coast.
Raiders of the Russian billions
Last week even BP's chairman Peter Sutherland used the word raiding. BP's Russian partners were trying to seize control of TNK-BP, their troubled joint venture, using dubious 1990s "corporate raiding" practices, he said.
…”a loud, collective raspberry…”
Alistair Darling's appeals for responsibility "from boardroom to shop floor" in the current wage round are being met with a loud, collective raspberry. Earlier this month, Shell tanker drivers held a four-day stoppage which caused a little inconvenience - and they were rewarded with an inflation-busting 14 per cent, two-year pay deal.
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EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
