Oil majors face new charges in spectacular corruption case

Nigeria may have been defrauded of up to USD 6 billion in future revenues in connection with an agreement the country entered with oil majors Shell and Eni, according to a new analysis from NGO Global Witness. Both companies face bribery changes.
Photo: Sunday Alamba/AP/POLFOTO/arkiv
Photo: Sunday Alamba/AP/POLFOTO/arkiv

According to a new report from NGO Global Witness, oil-abundant Nigeria may have forfeited around USD 6 billion in connection with an agreement the country's authorities entered oil companies Royal Dutch Shell and Italian Eni, report several media, including Financial Times.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    On June 1, Senvion's former CFO Manav Sharma started as US country manager for Nordex. Soon he will have a new factory at his disposal. | Foto: Senvion

    Nordex restarts production in the US

    For subscribers

    Further reading