Italian Prosecutors Probe Shell over Nigeria Oil Deal

Reuters

MILAN, March 30 (Reuters) - Italian prosecutors are investigating Royal Dutch Shell over allegations of international corruption in relation to a big Nigeria oil deal that also involved rival Eni, 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.

Shell declined to comment. Eni has denied any wrongdoing in the case.

(Reporting by Emilio Parodi, editing by Silvia Aloisi)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
United States Houston: Product Compliance Manager
Expertise: Regulatory Compliance
Location: Houston, TX
 
Global Privacy Manager
Expertise: Risk Management
Location: Houston, TX
 
Legislative & Regulatory Analyst - Upstream & Midstream
Expertise: Legal|Regulatory Compliance
Location: San Ramon, CA
 
search for more jobs

Brent Crude Oil : $45.97/BBL 2.91%
Light Crude Oil : $44.67/BBL 2.74%
Natural Gas : $3/MMBtu 0.33%
Updated in last 24 hours