| Italy investigates Eni chief for Nigeria deal | |
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MILAN (AP) -- Milan prosecutors have placed the CEO of Italian oil and gas company Eni under investigation over alleged bribes paid for a lucrative Nigerian oil concession.
Eni confirmed Thursday that Claudio Descalzi and another official were under investigation but denied wrongdoing, saying the investigation would confirm their innocence. It pledged to cooperate with investigators.
The purported bribe concerns Eni's purchase of the lucrative OPL 245 oil block in 2011. Eni and Shell insist they paid the Nigerian government directly for the concession; prosecutors are investigating whether the money went to a front company believed controlled by a former Nigerian oil minister.
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ENI is based in Italy. ENI is listed in Italy. Its market capitalisation is €UR 55.7 billions as of today (US$ 59.8 billions, € 55.9 billions). Its stock quote reached its lowest recent point on April 23, 2021 at €UR 10.01, and its highest recent level on April 25, 2024 at €UR 15.33. ENI has 3 634 189 824 shares outstanding. |