• Contact Us
  • About Us
Wednesday, May 6, 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

Adelabu Denies Resigning As Nigeria’s Minister, Insists ‘Resolving power Supply Challenges My Priority For Now’

As Elections Draw Closer, FG Sets New Date For Power Generation Improvement

Late‑stage GAMCO Rollout Confirms Doubts Over Uninterrupted Power Pledge-Stakeholders

Previous Post

Naira to advance on dollars sales, others seen stable

Next Post

Buhari appoints CEOs for 23 agencies

Related Posts

Nigerians Thrown Into Darkness As National Grid Collapses For Seventh  Time In 2024 |
Energy

Adelabu Denies Resigning As Nigeria’s Minister, Insists ‘Resolving power Supply Challenges My Priority For Now’

March 31, 2026
Tinubu Swears-In Ministers Amid Slow Growth, Insecurity, Low Morale, Among Other Concerns
Energy

As Elections Draw Closer, FG Sets New Date For Power Generation Improvement

March 27, 2026
Tinubu Swears-In Ministers Amid Slow Growth, Insecurity, Low Morale, Among Other Concerns
Energy

Late‑stage GAMCO Rollout Confirms Doubts Over Uninterrupted Power Pledge-Stakeholders

March 10, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
Energy

Tinubu Moves to Tackle Power, Grid, Transmission Challenges, Inaugurates Committee On GAMCO

March 6, 2026
Next Post
Muhammadu Buhari

Buhari appoints CEOs for 23 agencies

Zenith Bank’s Architect Jim Ovia Retires, Hands Reins To Bello

Zenith Bank’s Architect Jim Ovia Retires, Hands Reins To Bello

May 5, 2026
oil

Oil Eases On Signs US Loosening Iranian Closure Of Strait Of Hormuz

May 5, 2026
US, Iran Launch New Attacks As Wrestling For Control Of Gulf Waters Intensifies 

US, Iran Launch New Attacks As Wrestling For Control Of Gulf Waters Intensifies 

May 5, 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