• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 23 mins The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 2 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 3 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 1 day Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days Did China cherry-pick the factors that affected the economic slow-down?
  • 2 days Are you aware of Oil Price short videos on our energy topics?
  • 2 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 2 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 2 days NordStream2

Breaking News:

California Gasoline Prices Are Spiking

Italian Prosecutors Want Trial For Eni Over Alleged Corruption In Nigeria

Italian prosecutors asked on Wednesday for Italian oil major Eni SpA (NYSE:E), its chief executive Claudio Descalzi, and 10 other people to be sent to trial over charges of alleged international corruption, according to judicial sources.

According to Italian daily La Stampa, prosecutors in Milan asked today for trial for Descalzi, Eni’s former CEO Paolo Scaroni, and other people - including managers and mediators - over alleged payment of US$1.3 billion in bribes to the former Nigerian government back in 2011, for which Eni and Royal Dutch Shell (NYSE:RDS.A) secured exclusive rights to develop the oil block OPL-245 offshore Nigeria.

The prosecutors also ask for the companies, Eni and Shell, to be sent to trial under the Italian legislation that companies are liable for crimes committed by directors and executives when a suspected unlawful conduct has benefited the legal entity.

According to the prosecutors, back in 2011 Eni had allegedly paid US$1.092 billion and Shell – another US$200 million to a current account of the Nigerian government.

At the time of those events, Descalzi was a manager at Eni and was named chief executive in May 2014.

According to La Stampa, Descalzi was questioned two times as part of the investigation and has always denied any wrongdoing.

Related: It’s Time For Big Oil To Embrace The Digital Age

According to Corriere della Sera, now a preliminary hearing judge in Milan has to decide whether to send to trial any of the people or companies cited and suggested by the prosecutors.

A few months ago, Eni, oil services group Saipem and former Eni CEO Scaroni were sent to trial over bribes Saipem had allegedly paid in Algeria a few years ago in order to obtain oil and gas contracts.

By Tsvetana Paraskova for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News