Sep 20 2016, 15:19 ET | By: Carl Surran, SA News Editor
Nigerian officials say the government is suing several major oil companies for $12.7B of oil that allegedly was exported illegally to the U.S. during 2011-14.
The Federal High Court in Lagos begins hearings next week in cases filed against Nigerian subsidiaries of Chevron (NYSE:CVX), Royal Dutch Shell (RDS.A, RDS.B), Eni (NYSE:E), Total (NYSE:TOT) and Petrobras (NYSE:PBR).
The officials say the government alleges that the companies did not declare more than 57M barrels of crude oil shipments.
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