The Times: Need to Know: "Royal
Dutch Shell,
the Anglo-Dutch oil giant, said
that it did not expect the
Russian Government to decide
before June next year whether to
allow the partners in the giant
Sakhalin-2 gas and oil project
to reclaim an extra $10 billion
(£5.8 billion) in costs from
project revenues.": Thursday 1
December 2005
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Royal Dutch Shell,
the Anglo-Dutch oil giant, said
that it did not expect the
Russian Government to decide
before June next year whether to
allow the partners in the giant
Sakhalin-2 gas and oil project
to reclaim an extra $10 billion
(£5.8 billion) in costs from
project revenues.
Rio Tinto,
the Anglo-Australian mining
giant, has sold its 14.5 per
cent stake in Lihir
Gold, the Papua New
Guinea miner, for A$399 million
(£170 million) to Citigroup, the
financial services company.
BP, the
oil and gas giant, plans to
invest $300 million to develop
three gas blocks in Algeria over
the next two years as it expands
its business in the country,
which is a member of Opec, the
oil cartel.
De Beers,
the world’s biggest diamond
producer, has agreed to pay $250
million (£145 million) to settle
civil class action suits in
America, stemming from
allegations that it was engaged
in price-fixing and had
overcharged consumers.
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