An appeals court in Milan, Italy today (Friday) rejected Nigeria’s $1.092 billion compensation request against Shell and the Italian energy group Eni, in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni Chief Executive Claudio Descalzi, in one of the oil industry’s biggest alleged corruption cases. Shell, in a statement to SlyeNews said: “We are pleased that these civil proceedings have been dismissed. This follows…
Read MoreWhy Court Rejected Nigeria’s $1.1bn Compensation Request Against Shell, Eni
