Dec 20, 2017
Eni and Shell face trial in Italy over alleged Nigeria corruption
Eni and Royal Dutch Shell will face trial in Italy on corruption charges related to a $1.3bn deal involving one of Nigeria's biggest untapped oilfields. Eni and Shell deny wrongdoing and Eni said it had full confidence in Mr Descalzi. Their 2011 deal with the Nigerian government was intended to end years of wrangling over ownership between Shell and a Nigerian company linked to Dan Etete, the country's former oil minister. The deal is the focus of investigations in Nigeria and the Netherlands as well as Italy and has been alleged by anti-corruption campaigners to be an example of international oil companies conspiring with Nigerian rulers to plunder the country's natural resources. "Shell said on Wednesday:"We believe the trial judges will conclude that there is no case against Shell or its former employees.
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