Shell faces probe over Nigeria oil deal 

shell faces probe over Nigeria oil deal

Reuters – Italian prosecutors are investigating Royal Dutch Shell (RDSa.L) over allegations of international corruption in relation to a big Nigeria oil deal that also involved rival Eni (ENI.MI), a judicial source said on Wednesday.

Milan prosecutors opened a corruption probe into Eni in 2014 in a case relating to a $1.3 billion acquisition of Nigeria’s OPL-245 offshore oil block in 2011 by the Italian company and Shell.

They later placed under investigation Eni’s Chief Executive Claudio Descalzi and another top manager at the company. The probe has now been widened to Shell, the source said, confirming a report in Corriere della Sera daily on Wednesday.

Representatives of the Dutch Financial Intelligence and Investigation Service and the Dutch Public Prosecutor recently visited Shell at its headquarters, ” a spokesman said.

“The visit was related to OPL 245, an offshore block in Nigeria that was the subject of a series of long-standing disputes with the Federal Government of Nigeria.”

Shell is cooperating with the authorities and is looking into the allegations, the spokesman said.

Leave a Comment

Your email address will not be published. Required fields are marked *

Special Discount

 *Limited period offer.

Sign up and get 10% off every epochem chemical purchase

Scroll to Top
Scroll to Top