OPL 245, an offshore field awarded to the two oil companies in 2011, is the subject of multiple court cases worldwide, including a criminal case in Milan in which the Nigerian government alleges roughly $1.1 billion of payments from the companies was siphoned to politicians and middlemen.
Eni seeks World Bank arbitration in Nigeria oilfield dispute
By Stephen Jewkes, Libby George: OCTOBER 13, 2020
MILAN/LAGOS (Reuters) – Eni
ENI.MI has filed a request for arbitration against Nigeria at the World Bank’s dispute settlement body and plans to argue that the country’s failure to allow it to exploit an oilfield it acquired with Royal Dutch Shell
RDSa.L nearly a decade ago breaches their investment agreement, court documents show.
OPL 245, an offshore field awarded to the two oil companies in 2011, is the subject of multiple court cases worldwide, including a criminal case in Milan in which the Nigerian government alleges roughly $1.1 billion of payments from the companies was siphoned to politicians and middlemen. Shell and Eni have denied any wrongdoing. read more
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