Italian oil major probed over alleged corruption in $1.1bn Nigeria deal

Italian oil and gas major Eni, the parent company of Nigeria Agip Oil Company, is being probed over suspected corruption linked to the acquisition of Oil Prospecting Licence (OPL) 245 in Nigeria for over a billion dollars.

A Milan prosecutor is probing the role of Claudio Descalzi, Eni’s chief executive officer (CEO), his predecessor and another Eni executives over their role in the Italian group’s acquisition, in partnership with Shell, of the rights to OPL 245. Continue Reading