• Contact Us
  • About Us
Monday, August 31, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Energy

Eni paid no intermediary, bribes to acquire Nigeria oilfield

metro by metro
April 13, 2017
in Energy
0
0
SHARES
0
VIEWS
 Italian oil and gas group Eni reiterated on Thursday it had not paid any intermediary or any bribes to acquire the OPL-245 oilfield in Nigeria.
Speaking at the group’s annual shareholder meeting chairwoman Emma Marcegaglia said Eni had only ever dealt with the Nigerian government.
Courts in Nigeria and Italy are investigating the purchase of OPL 245. Eni and major Royal Dutch Shell paid $1.3 billion for the rights to the block in 2011.
On Wednesday Shell said for the first time it was aware that some of the payments it made to Nigeria would go to a company associated with former Nigerian oil minister and convicted money launderer Dan Etete.
Etete awarded the block in 1998 for $20 million to Malabu Oil and Gas, a company in which he was a leading shareholder.
Marcegaglia said Shell’s comments did not change Eni’s position, adding the company had not paid any money to Etete or sealed any deal with Malabu.
She added Eni has made no provisions for the Nigeria probe.
At the same meeting, Eni CEO Claudio Descalzi said in the future the group did not rule out a share buy-back programme but added for the time being he had no intention to discuss the issue with the board.

Read Also

Double Whammy As DisCos Fail To Collect N669.5bn Billed Electricity Charges Amid Nigerians Sitting In Darkness

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply

Previous Post

Naira to advance on dollars sales, others seen stable

Next Post

Buhari appoints CEOs for 23 agencies

Related Posts

NERC Threatens Tougher Sanctions Against DisCos Over Low Power Supply
Energy

Double Whammy As DisCos Fail To Collect N669.5bn Billed Electricity Charges Amid Nigerians Sitting In Darkness

August 27, 2026
IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut
Energy

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

August 12, 2026
Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply
Energy

Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply

August 12, 2026
Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms
Energy

Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms

July 27, 2026
Next Post
Muhammadu Buhari

Buhari appoints CEOs for 23 agencies

Rival Factions Stand Off In Niger Capital After Mutineers Attack Airport, Presidency

Rival Factions Stand Off In Niger Capital After Mutineers Attack Airport, Presidency

August 29, 2026
Attackers Target Niger’s Niamey Airport, Presidency Perimeter

Attackers Target Niger’s Niamey Airport, Presidency Perimeter

August 29, 2026
Concerns Over FG’s Approval Of Kogi’s Bid To Build International Airport In Zariagi

KOGI STATE @ 35 YEARS: THE JOURNEY SO FAR!

August 29, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version