The Italian oil company Eni and its managing director had been brought to court together with Royal Dutch Shell for a payment of 1.3 billion US dollars for drilling rights in Nigeria.
amr abdallah dalsh / Reuters
March 17, 2021, 12:18 p.m. ET
A Milan court found that European oil companies Royal Dutch Shell PLC and Eni SpA and their managing directors were not guilty of bribery and other charges in one of the largest corruption cases in the energy industry on Wednesday.
Shell and Eni, as well as Claudio Descalzi, who has been with Italy’s government-sponsored Eni for 40 years and as its chief executive officer since 2014, were on trial for a $ 1.3 billion payment for drilling rights in Nigeria.
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