An Italian court has cleared two global oil giants, Eni and Shell, over allegations of corruption in Nigeria. The long-running case centred around the $1.3bn (£936m) purchase of an offshore oil block in 2011.
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Last week’s attacks by Niger Delta Avengers on oil pipelines belonging to Nigerian Agip Oil Company (NAOC) and Aiteo have reduced Nigeria’s daily crude oil production by 140,000 barrels The combined figure was revealed separately by spokespersons of the two companies on Sunday According to Eni, the parent company of Nigerian Agip Oil Company (NAOC), the oil firm’s production had been cut …
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ionigeria.com Nigerian Newspaper