Italian prosecutors said late Tuesday they are seeking an eight-year prison term against the head of oil company Eni, Claudio Descalzi, as part of a long-running corruption case implicating the Ita...
Italian prosecutors said late Tuesday they are seeking an eight-year prison term against the head of oil company Eni, Claudio Descalzi, as part of a long-running corruption case implicating the Italian firm and its UK counterpart Shell in Nigeria.
Italian investigators suspect the two oil groups used bribes to obtain rights in 2011 to a Nigerian offshore oil block estimated to hold nine billion barrels of crude, for $1.3 billion . The trial of Eni and Shell for corruption opened in the spring of 2018 and two middlemen – a Nigerian and an Italian – were handed four-year prison terms later that year after an accelerated trial.Prosecutors also requested an eight-year prison term for Paolo Scaroni, who was chief executive of Eni at the time, and a seven-year term for Malcolm Brinded who was then Shell’s head of exploration and production.
In 1998, the OPL 245 was awarded by Etete to Malabu Oil and Gas, which later sold it to Eni and Shell.
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