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Shell, Eni Found Not Guilty of Corruption in Nigeria Oil Case

Shell, Eni Found Not Guilty of Corruption in Nigeria Oil Case

A Milan court has found European oil companies Royal Dutch Shell PLC and Eni SpA, along with the latter’s chief executive, not guilty of bribery and other charges on Wednesday in one of the energy industry’s biggest corruption cases.

Shell and Eni, along with Claudio Descalzi—who has been with Italy’s state-backed Eni for 40 years and chief executive officer since 2014—were on trial over a $1.3 billion payment for drilling rights in Nigeria.

FULL ARTICLE (PAYWALL)

Write to Sarah McFarlane at [email protected]

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