On Thursday, Bloomberg News reported Nigeria’s decision to retract civil claims amounting to $1.1 billion against Italian energy giant Eni regarding alleged corruption linked to an oilfield deal. The country’s justice ministry intends to unconditionally waive these claims before Italy’s highest court by November 17, as revealed in a letter regarding the OPL 245 field, Read More…
Tag: Eni
NNPC questions Eni’s onshore oil asset sale to Oando
Nigeria’s state oil corporation, NNPC Ltd., has raised concerns over Italy’s Eni subsidiary’s announcement of a deal to transfer onshore oil assets to local company Oando PLC. In a letter seen by Reuters, NNPC Ltd. contends that Eni’s subsidiary, Nigerian Agip Oil Company Ltd. (NAOC), failed to obtain NNPC’s consent before revealing the transaction. Such Read More…
Eni to sell Nigerian onshore subsidiary to Oando amid energy sector shakeup
In a strategic move indicative of the evolving landscape in Nigeria’s energy sector, Italy’s Eni has agreed to divest its Nigerian onshore subsidiary, Agip Oil Company Ltd (NAOC), to the local firm Oando. The deal, announced on Monday, marks yet another international energy giant relinquishing onshore assets in this West African nation. Eni’s decision aligns Read More…