Russia may file criminal case against Shell Project


Russia may open a criminal case against Royal Dutch Shell Plc's Sakhalin-2 project because of „numerous” environmental violations, the country's Natural Resources Ministry said. Oleg Mitvol, the deputy head of Russia's environmental inspectorate, is ready to provide material from a recent inspection to the Prosecutor General's office, the ministry said in an e-mail yesterday. Charges may be brought in relation to illegal logging by subcontractors, the statement said. Earlier this week, Sakhalin Energy, the Sakhalin-2 operator, said it had halted some pipeline construction because of environmental concerns. Subcontractors ignored license conditions in a landslide area and prompted the halt, company spokesman Ivan Chernyakhovsky said on Aug. 28. The Natural Resources Ministry said it had ordered a halt to the construction on Aug. 10. Sakhalin-2, located off Russia's Pacific coast and operated by Sakhalin Energy, is 55% owned by Shell, 25% by Mitsui Co. and 20% by Mitsubishi Corp. Sakhalin Energy plans to start deliveries of liquefied natural gas from the project in the summer of 2008. „We've only just seen the statement and can't comment,” said Sarah Smallhorn, a London-based Shell spokeswoman. (Bloomberg)


Masterplast Signs Option to Purchase T-Cell Plasztik Analysis

Masterplast Signs Option to Purchase T-Cell Plasztik

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.