Italian Court Rejects Nigeria Compensation Claim Against Eni
November 11 2022 - 10:25AM
Dow Jones News
By Mauro Orru
A court in Milan rejected an appeal by Nigeria that sought
compensation from Italian oil-and-gas major Eni SpA in a corruption
case related to oil-drilling rights in the African country.
Eni said Friday that it was satisfied with the decision from the
Milan Court of Appeal. Eni, including Chief Executive Officer
Claudio Descalzi, and Shell PLC were on trial over a payment made
for drilling rights in Nigeria that prosecutors argued was mostly
for the purpose of bribes.
Eni and Shell had jointly bought drilling rights off the coast
of Nigeria in 2011 in an area known as OPL 245.
However, Italian prosecutors in July dropped a legal challenge
over the acquittal of Eni.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 11, 2022 10:10 ET (15:10 GMT)
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