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Archive for April 27th, 2007

Shell to pay Russia ?50m dividend for Sakhalin

Shell is being forced to pay the Russian Government an annual dividend of about $100 million (?50 million) to keep its stake in the lucrative Sakhalin II offshore project.
The Anglo-Dutch group and its partners admitted yesterday they had agreed to "minor adjustments to the fiscal terms" of the project. The change was pushed through last [...]

Friday, April 27th, 2007

ABN Amro slammed for $1 billion Sakhalin deal

ABN Amro has reportedly provided $1 billion to Gazprom to finance its purchase of a controlling share in the controversial oil and gas project Sakhalin II.
Sakhalin II is located on the island of Sakhalin, off the pacific coast of Russia. Environmental campaigners have long opposed its development, because it is sited in the only known [...]

Friday, April 27th, 2007

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