Source Pravda.Ru

Gazprom invited To Shell's $10bn Sakhalin-2 Offshore Project

Royal Dutch/Shell Group, the world's second largest publicly traded oil producer, has invited the Russian natural gas group, Gazprom, to join a $10 billion oil and gas project off Russia's Pacific coast, the Russian group said. The invitation came during a meeting between Gazprom Chief Executive Officer Alexei Miller and Royal Dutch/Shell Group Chairman Phil Watts in Moscow, the Russian gas producer said in a statement faxed to news services. Shell was not immediately available for comment. The Shell led group has said it plans to invest as much as $800 million in the Sakhalin-2 offshore project this year. Shell already is producing oil from the fields next to Sakhalin Island. Shell owns fifty five percent of the project, whilst Japan's Mitsui & Co. owns a quarter and Mitsubishi Corp. holds a fifth.

Visit to &to=http://www.gazprom.ru/eng/default.htm' target=_blank>GAZPROM

&to=http://www.hoovers.com/co/capsule/9/0,2163,50019,00.html' target=_blank>HOOVERS

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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