Petroleum Africa
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Wednesday, March 14, 2018
Shell and ENI have both voluntarily filed internal investigations to US authorities discussing how they acquired their stakes in Nigeria’s OPL 245. The two companies are already fighting corruption allegations in the EU and Africa.
The filings in the US are seen as a way for the companies to preempt questions from US officials. Shell and ENI were supposed to be in court this month in Milan, but Italian prosecutors delayed the trial until May. There is also a pending trial in Nigeria and authorities in the Netherlands are conducting a probe into the allegations.
Shell and ENI deny any wrongdoing and say their total $1.3 billion in payments for the block were transparent, legal and went directly into an escrow account controlled by the Nigerian government.
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