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Nigeria withdraws $1.1 billion claim against Eni on oilfield deal

Published Nov 16, 2023 15:08 Updated Nov 16, 2023 16:28
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© Reuters. FILE PHOTO: The logo of Italian energy company Eni is seen on a booth stand during the Nigeria International Petroleum Summit in Abuja, Nigeria February 11, 2020. REUTERS/Afolabi Sotunde/File Photo
 
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(Reuters) -Nigeria is withdrawing civil claims totalling $1.1 billion against Italian energy group Eni and related to allegations of corruption in a oilfield deal, Bloomberg News reported on Thursday.

The West African country's justice ministry will waive the claims before Italy's highest court "unconditionally" and "with immediate effect" no later than Nov. 17, the report said citing a letter regarding the OPL 245 field and seen by the newswire.

Responding to a request for comment, an Eni spokesperson confirmed that the group had received the letter regarding OPL 245, and said it was pleased about the Nigerian government's decision.

The energy group added it was ready to consider - together with the government of Nigeria - the necessary steps for achieving the conversion of the licence from prospecting into mining, to ensure development perspectives for the field.

In 2021 a Milan court acquitted Eni, its chief executive and Shell (LON:RDSa) over an corruption case revolving around the acquisition of the Nigerian oilfield.

Nigeria withdraws $1.1 billion claim against Eni on oilfield deal
 

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