Shell investigated over $1 billion corrupt oil deal
Vanessa Amaral-Rogers: 4th April 2016
Italian prosecutors have raided Shell’s offices to investigate the suspicious acquisition of a huge offshore oil field in Nigeria, writes Vanessa Amaral-Rogers. The oil block, sold by the Government for $20 million to a shell company owned by the oil minister, was later acquired for $1.1 billion by Shell and Eni.
Royal Dutch Shell, the world’s second largest oil company, and Italy’s Eni have been put under formal investigation by the Milan Public Prosecutor’s office for ‘international corruption’ offences.