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Shell faces corruption probe over $1bn oil deal in Nigeria
Source: The Guardian and agencies
Shell faces corruption probe over $1bn oil deal in Nigeria
Italian officials to investigate company’s role in acquisition of disputed
oil block jointly owned with energy group Eni
Frederika Whitehead and agencies
Wednesday 30 March 2016 18.10 BST
Italian anti-corruption investigators have opened a formal investigation into Shell’s acquisition of a stake in a $1.09bn (£755m) oil block in Nigeria.
Shell co-owns the offshore oil block with the Italian energy group Eni.
Prosecutors in Milan have been investigating Eni executives involved in the deal since 2014. It seems Shell is now being dragged into the investigation.
The Anglo-Dutch oil giant confirmed on Wednesday that its offices had been “visited” by anti-fraud investigators in February.
A spokesman for Shell 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, which it takes seriously.”
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Italian officials to investigate company’s role in acquisition of disputed
oil block jointly owned with energy group Eni
Frederika Whitehead and agencies
Wednesday 30 March 2016 18.10 BST
Italian anti-corruption investigators have opened a formal investigation into Shell’s acquisition of a stake in a $1.09bn (£755m) oil block in Nigeria.
Shell co-owns the offshore oil block with the Italian energy group Eni.
Prosecutors in Milan have been investigating Eni executives involved in the deal since 2014. It seems Shell is now being dragged into the investigation.
The Anglo-Dutch oil giant confirmed on Wednesday that its offices had been “visited” by anti-fraud investigators in February.
A spokesman for Shell 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, which it takes seriously.”
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Read more: http://www.theguardian.com/global-development/2016/mar/30/shell-faces-corruption-probe-over-1bn-oil-deal-in-nigeria
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