CEO of oil major charged with corruption

The CEO of the world's sixth-largest oil company denies wrongdoing in the allegations related to a controversial billion-dollar transaction. "What the seller does with the money is not your responsibility," he says.

Photo: Eni

Chief executive of Italian oil company Eni, Claudio Descalzi, has been charged with international corruption. The prosecutor has filed charges to take the CEO and 10 others, including the previous CEO, to court in Milan in relation to the protracted case regarding Eni and Shell's alleged bribery in Nigeria.

The charges concern the takeover by Eni and Shell of the exploration rights for the oil area OPL 245 off of Nigeria. This area is estimated to contain upwards of nine billion barrels of oil and is considered one of the most valuable prospects in the west African nation.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

RWE criticizes Repower EU

The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.

Further reading

Related articles

Latest News

See all jobs