MARKETS

Supermajors accused of cheating US$6bn from Nigeria

An Italian Court presiding over an ongoing case against supermajors Eni and Shell over corruption allegations in Nigeria, has heard further revelations that the two companies allegedly cheated Nigeria out of an estimated US$6 billion of expected revenue.

paul hunt

Supermajors accused of cheating US$6bn from Nigeria

In 2011 the oil giants struck a deal with the Nigerian government and were subsequently awarded the offshore OPL 245 license on the southern edge of the Niger Delta. The contract was then amended later...

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