US DOJ Closes Eni Investigations

October 1, 2019

World Energy Reports LLC.
26714617187_9fd6204355_o.jpg

The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday.

Eni, the biggest foreign oil and gas producer in Africa, is currently on trial in Milan on graft allegations revolving round the acquisition of a giant Nigerian oilfield in 2011.

In that case Eni and peer Royal Dutch Shell are accused of buying the OPL 245 offshore field for about $1.3 billion in a deal that spawned one of the industry’s largest graft scandals.

Milan prosecutors allege that about $1.1 billion of the total was siphoned off to pay politicians, businessmen and middlemen.

Eni and Shell have denied any wrongdoing.

"Today's decision by the DOJ confirms the findings of independent advisors, who conducted investigations into the claims... which also found no illegal activity," Eni said.

It said it was confident the allegations leveled at it by prosecutors in the Milan court case would be found groundless.

Eni had also been involved in a long-running corruption case involving its previously 43%-owned unit Saipem over alleged bribes in Algeria paid to win contracts.

A Milan court acquitted Eni last year.


(Reporting by Stephen Jewkes; editing by Emelia Sithole-Matarise)

Floating Production Week delivers unrivaled overview, insight and analysis to the Offshore Floating Production Systems and Technology market

Floating Production Systems Report And Online Database

  • Monthly reports -- Our monthly reports provide a detailed snapshot of the business sector as of the middle of each month. More than 80 pages of data and industry analysis each month. Excel spreadsheets with each report enable subscribers to tailor the data presentation to their needs. In October of each year we provide a detailed five year forecast of production floater orders. In March of each year we fine tune the forecast and make revisions as needed.
  • Online database -- The online database is updated every day – with information direct from primary sources. In the database are details for 240 planned projects, 370 installations in service, 70+ floaters on order and 20+ floaters available. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
  • Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.

Here's what you get!

Request a Free Sample Report