Shell oil company to be fined over attempted corruption

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Italian prosecutors who are handling the case facing companies suspected to attempt bribery in Nigeria have asked for the companies to be fined and their former executives to be jailed.

On Thursday, the Royal Dutch Shell noted that its second-quarter writedowns include the OPL of 245 licences for an offshore oil field in Nigeria which it holds alongside Eni which is involved in the corruption case in Italy.

The oil majors Eni and Shell’s officials including Claudio Descalzi (Eni CEO) had attempted corruption in Nigeria but all accused people have denied the charges against them.

According to Shell, a post-tax impairment charge of $4.658 billion was related to unconventional assets in the US Gulf of Mexico, a project in Nigeria (OPL245), assets in North America, and assets offshore in Europe and Brazil.

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